Some trade it with D= .786 of XA but I think the 1.27 ext. of AB works better.
A Cypher is a bit more complex. AB 0.382 to max 0.618 of XA & C= 1.27 of XA (no Close above 1.41 ext. and no touching of the 1.618) + D = 0.786 of XC
I think every Trader should find out and define his own definitions as long as he is profitable. There is no "only way" also with These Patterns...
thanks I wish you a lot of pips too!
That's why I was asking about the butterfly you called invalid.
For me A to B @ .763 is much too deep for a Gartley, but, it is .02 within the
range of a butterfly - for me anyway. And the butterfly would support the EWave
count I'm working with after one new high, perhaps as high as .9500.
Hoping tomorrow's price action will help clarify the projections.
The Cypher just might work out well *******