Butterfly Pattern Flashcards by Pier-Olivier Marquis | Brainscape

Q

Butterfly Pattern Elements

A

Precise 78.6% B point retracement of XA leg
BC projection must be at least a 1.618
Equivalent AB=CD pattern is minimum requirement, but the Alternate 1.27 AB=CD is the most common
1.27 XA projection most critical number in the Potential Reversal Zone (PRZ)
No 1.618 XA projection
C point within range of 0.382–0.886 retracement

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Q

The Bullish Butterfly

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Q

The Bearish Butterfly

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Q

The Perfect Bullish Butterfly

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Q

The Perfect Bearish Butterfly

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