Originally Posted by TMoneyBags View Post
Oh and that's a Gartley btw A butterfly must be bellow the 100% of XA at least at the 1.272 fib level
Thank you Bank for the response, also can you post the link to Tymen1's thread? I'd like to try that out it sounds interesting. Oh, and it looks like it hit its target 2 great pattern.
Sorry My Mistake!
In order for a pattern to be considered a Butterfly, the D must be bellow or above X. To clarify, A bullish butterfly's D is bellow X (Buy Pattern) and a bearish butterfly's D is above X (Sell pattern).
Take note of this on the images bellow:
The gray pattern bellow Is a Bearish Butterfly, and the Green pattern was the prediction of a Bullish Butterfly.
The Image bellow contains prediction of a Bullish Gartley in gray and a Bearish gartley in gold.
I hope this gives you a bit more clarity.
*please note that the fibs on these images where not all included I will post clearer examples when the market opens. Also the time when these images where taken of the market was around the 9th of March this year.