Bullish Gartley in Making

FX:GBPJPY   British Pound/Japanese Yen
40 4 1
This is a perfect example of Bullish Butterfly Pattern, D is coming on bot,h upward and downward, trends....
2 years ago
Forgive me in advance for the impertinent sound of this question,
but, if this is a perfect butterfly
should not Pt D be at the 1.272 of A to X which is the "norm
or standard" for butterflies ?
This would also place the bottom closer to the blue descending trend line
and the 1.618 fib ext of A to B thus a butterfly with the best harmonics/symmetry.
Thanks for your thoughts !!!!!!
najibmulik dojitrader
2 years ago
Thanks for your comments. Yes, you are right BUT this is much closer to perfect as there is little diff between 1.272 and 1.161...
dojitrader najibmulik
2 years ago
I see what you're saying. I guess it's the musician in me that
requires precise placement of various points and details.
Also the desire for the least possible risk to know if my ideas are wrong.
So, for me, a quick calculation shows about a 30 pip difference which in my
trading is unnecessary risk. Thus, for me as a musician, to agree there is little difference is like
saying there is little difference between an A and an A flat.
Hoping you find great success !!!!!!
najibmulik dojitrader
2 years ago
Nice to see a Musician... Thanks for wishing me success....
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out