Doesn’t the pullback to 0.92 invalidate this pattern ?
Alexander_Nikitin
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@WilliamTurella, ?? the pattern is bearish. the downside pullback is the movement towards the targets.
WilliamTurella
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@Alexander_Nikitin, I got this trade using ABCD pattern, I know what do you mean. I'm just asking about the Bearish Butterfly rules. Wouldn't the maximum pullback level of fibo from A to B 0.786 ? That was my question. My question is for pure educatinal intention. Thanks!
Alexander_Nikitin
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@WilliamTurella, nope. the pattern is already completed. nothing can ivalidate it because it is already part of the history. now price will either obey the pattern or not.