Bullish Butterfly and AB=CD
Phasing out bat-week and taking on this butterfly:- we have an AB=CD pattern with a near-perfect butterfly forming within the BCD waves of the AB=CD. The D points both conclude bang on a weekly pivot line. Patterns on the daily chart are always reliable and i'll be looking for an entry on the 4hr after a signal candle.
Happy Harmonising!
AB=CD ratios
C: 0.618-0.786
D: 1.272-1.618
Butterfly ratios
B: 0.786
C: 0.382-0.886
D: 1.618-2.72
xD: 1.272
Happy Harmonising!
AB=CD ratios
C: 0.618-0.786
D: 1.272-1.618
Butterfly ratios
B: 0.786
C: 0.382-0.886
D: 1.618-2.72
xD: 1.272
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.