The Butterfly pattern was first created by Bryce Gilmore and it is similar to the Gartley pattern. The bullish butterfly indicates that traders should buy an asset. The bearish butterfly indicated a new potential sell trade. Butterfly patterns are important because they help you identify the end of the current move.
The crab pattern was created by Scott Carney. This particular pattern is considered one of the most precise harmonic patterns. The crab pattern provides reversals in very close proximity to what the Fibonacci numbers show. This pattern is similar to the Butterfly pattern, but differs in it’s measurement.
The crab pattern was created by Scott Carney. This particular pattern is considered one of the most precise harmonic patterns. The crab pattern provides reversals in very close proximity to what the Fibonacci numbers show. This pattern is similar to the Butterfly pattern, but differs in it’s measurement.