Is this an advanced pattern? I have plotted the fibs and could somebody tell me what pattern this is so I can remember the ratios. I think it might be a butterfly, but again I don't know the rules for this. Please help
If Point is completed then will look to go long -- Look left previous structure
Comments
ShirokiHeishi
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My Friend, what you have there is a BAT not a Butterfly. in the butterfly pattern, X-D is greater than 1.27-1.41% The ratio's for a bat are much closer to what you have drawn. See image
tradingview.com/chart/TiB1NLn7/
tradingview.com/chart/TiB1NLn7/