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Thread: Confirmation Techniques for the Butterfly pattern: Reversal candlestick patterns

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    Confirmation Techniques for the Butterfly pattern: Reversal candlestick patterns

    Some people wait to observe the reversal candlestick pattern before opening position.
    PROS:
    - entering after additional confirmation
    CONS:
    - is this really any good/valuable confirmation?
    - the StopLoss is automatically bigger, as we enter with delay

    Confirmation Techniques for the Butterfly pattern: Reversal candlestick patterns-butterfly-pattern-reversal-candlestick-patterns-confirmation.jpg


    btw: Excellent resource-Bulkowski's Top 10 Reversal Candlesticks -> http://www.thepatternsite.com/CandleReverse.html
    Confirmation Techniques for the Butterfly pattern: Reversal candlestick patterns-bulkowski-10-performing-reversal-candlesticks-patterns.png
    Last edited by kor4x; 08-22-2012 at 11:51 PM.

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