Perfect situation in Wave5
The Butterfly Pattern Summary:
1. Minimum AB=CD completion with Alternate 1.27 AB=CD pattern most common.Maximum 1.62 AB=CD
2. C point retracement can vary between a 0.382 to an 0.886, although 0.618 is preferred.
3. BC projection can vary from 1.13 to 3.618 and depends upon the C point retracement.
4. Alternate AB=CD patterns are common within the structure.
The Butterfly Pattern Summary:
1. Minimum AB=CD completion with Alternate 1.27 AB=CD pattern most common.Maximum 1.62 AB=CD
2. C point retracement can vary between a 0.382 to an 0.886, although 0.618 is preferred.
3. BC projection can vary from 1.13 to 3.618 and depends upon the C point retracement.
4. Alternate AB=CD patterns are common within the structure.
Trade active:
Target reached in time of H1
Trade closed: target reached