Last edited by kor4x; 08-20-2012 at 06:50 PM.
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 !
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