UNIUSDTPER
The butterfly pattern is one of the recursive patterns that is classified in the category of harmonic patterns. This pattern shows the price density and is usually seen at the end of an extended price movement. Traders can use the license pattern to mark the end of a trend and start a price correction or start a new trend. In the Elliott wave count, this pattern is usually seen in the last wave (wave 5) of the motivational waves.
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