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its time to fly ,like a butter fly :)
The butterfly pattern is a reversal chart pattern that is in the category of harmonic patterns. It shows price consolidation and is mostly noticed at the end of an extended price move.
Traders can apply the butterfly pattern to determine the end of a trending move and position for the start of a correction or new trend phase. You will often see this pattern during the last wave of the impulse sequence in Elliott wave terms.
The harmonic butterfly pattern, like all other harmonic patterns, is a reversal trading pattern that can be universally traded all the time. Some people prefer to trade them on higher time frames.
its time to fly ,like a butter fly :)
The butterfly pattern is a reversal chart pattern that is in the category of harmonic patterns. It shows price consolidation and is mostly noticed at the end of an extended price move.
Traders can apply the butterfly pattern to determine the end of a trending move and position for the start of a correction or new trend phase. You will often see this pattern during the last wave of the impulse sequence in Elliott wave terms.
The harmonic butterfly pattern, like all other harmonic patterns, is a reversal trading pattern that can be universally traded all the time. Some people prefer to trade them on higher time frames.
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