LinkBack URL
About LinkBacks
Reply With Quotean example of the the extreem butterfly bullish pattern (with D point even less than 113% XA retracement) ->
note the AB=CD with Price x Time, and not Price only.
Note the differences (Fibonacci ratios) between ideal and tradeable butterfly pattern.
Ideal butterfly pattern:
Tradeable butterfly pattern:
Our extended butterfly ratios (used for example in AMPmonitor-www.ampmonitor.com) allow to spot the harmonic extreem butterfly patterns (see next 2 examples)
Last edited by kor4x; 08-20-2012 at 07:50 PM.
an example of the the extreem butterfly bullish pattern (with D point even less than 113% XA retracement) ->
note the AB=CD with Price x Time, and not Price only.
I was wondering what is that 99% retracement in relaxed and extended Butterfly ? It's not a Fib ratio right ? Is it like a full 100% retracement ?
Thanks in advance !
hi,
it illustrates how far the swing can go and still can be considered a valid pattern. No, not a Fibo number. It is not mandatory that all swings end of the common Fibo numbers. I look for beautiful patterns (in overall), and not necessary the Fibo patterns.
beauitful clean chart example diagrams you have created for butterfly, etc, very nice thanks for sharing
Kor, I can't understand how you transform AB rectangle to CD rectangle. Can you tell more about it?Originally Posted by kor4x
an example of the the extreem butterfly bullish pattern (with D point even less than 113% XA retracement) ->
note the AB=CD with Price x Time, and not Price only.
Posting Permissions
