- Point-B validated.
- Point-C valid until it breaks 88.6% of AB
+ Ascending channel pattern indicates uptrend until it breaks the support
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Harmonic Butterfly Pattern:
Point-B | 88.6% of XA
Point-C | 38.2% - 88.6% of AB
Point-D | 161.8% of XA
PRZ | 261.8% - 361.8% of BC
Failed setups:
(tradingview.com/chart/GBPJPY/vIHjQ9PW-GBPJPY-Gartley-pattern-in-the-making/)
(tradingview.com/chart/GBPJPY/plljV2GT-GBPJPY-Butterfly-pattern-in-the-making/)
- Point-C valid until it breaks 88.6% of AB
+ Ascending channel pattern indicates uptrend until it breaks the support
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Harmonic Butterfly Pattern:
Point-B | 88.6% of XA
Point-C | 38.2% - 88.6% of AB
Point-D | 161.8% of XA
PRZ | 261.8% - 361.8% of BC
Failed setups:
(tradingview.com/chart/GBPJPY/vIHjQ9PW-GBPJPY-Gartley-pattern-in-the-making/)
(tradingview.com/chart/GBPJPY/plljV2GT-GBPJPY-Butterfly-pattern-in-the-making/)
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.
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.