Spotting a 'perfect' can be difficult, here are the ratios:
C: 0.50 or 0.886
D: 1.618 (Almost perfect)
X to D: 1.272
All-round we have a very good opportunity, price is oversold and we are trading with a 1:2 risk to reward. I will be waiting for further confirmation before entering!
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My experience with Butterflys is i usually get a better bounce at .618 (point D)....all depends on the shape of the pattern..at the moment it looks quite bearish still to me..downtrend is crushing the impulse...I always find Butterflys work best when price approaches the d point as laterally (sideway) as possible....then theres no resistance to the impulse, but these are rare moments !