Butterfly Pattern Fibonacci Harmonics

 

MetaTrader4 Indicator Download
3-MA-Crossover Close-All-Trades MA-Moving-Average-In-Colour Tick-Chart-Converter
Clock-Spread-Display Contrarian-Indicator MACD-Histogram MA-Moving-Average-Dots
Cycle-Identifier MA-Crossover-Alert Pattern-Identifier-Gartley-Butterfly Pivot-Points-Fibonacci
ROC CCI-Histogram Keltner-Channels
Learn Forex Trading
5-0-Pattern Bat-Pattern Butterfly-Pattern AB-CD-Pattern
Forex-Opening-Times Stop-Loss-Position-Size

SEARCH MORE INDICATORS:  

 

The Butterfly pattern is almost the same as the Gartley pattern except for the CD leg extends beyond point X. usually to the 1.272 and not beyond the 1.618 Fibonacci retracement of XA. This can also be seen as a divergence in price to some of the indicators mentioned throughout this document.

  • AB=CD extended move to 1.272; 1.618
  • C 0.382; 0.886 of AB preferably 0.618
  • D from BC 1.618; 2.618

 

Want Professional FOREX Trading Strategies Used By Trader From Major Banks & Institutions?

Download Our Deluxe Bank Forex Systems - FREE