LiteFinance

What is Butterfly Pattern in Trading

Harmonic patterns provide more accurate signals of future price action than chart patterns. Therefore, harmonic patterns gain popularity with more and more traders.

This overview deals with the harmonic Butterfly pattern, one of the most popular Gartley patterns that predicts the trend reversal in advance and helps to define the beginning of the new trend phase. The Butterfly is also successfully used to define the potential reversal zone by applying the Fibonacci retracements. This overview also explains how the Butterfly is designed, why it relies on Fibonacci ratios and what their purpose is, as well as how to effortlessly spot... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/harmonic-patterns/butterfly-pattern/?utm_source=telegram&utm_medium=social&utm_campaign=post

LiteFinance

What is Butterfly Pattern and How to Use It in Trading | LiteFinance

An ultimate guide to trading the harmonic butterfly pattern. Read on and find out how to recognize this pattern on the chart and trade it in different markets.

www.tgoop.com/liteforex/17022

1.0K viewsMar 11 at 09:20

What is Butterfly Pattern in Trading

Harmonic patterns provide more accurate signals of future price action than chart patterns. Therefore, harmonic patterns gain popularity with more and more traders.

This overview deals with the harmonic Butterfly pattern, one of the most popular Gartley patterns that predicts the trend reversal in advance and helps to define the beginning of the new trend phase. The Butterfly is also successfully used to define the potential reversal zone by applying the Fibonacci retracements. This overview also explains how the Butterfly is designed, why it relies on Fibonacci ratios and what their purpose is, as well as how to effortlessly spot... Read full author’s opinion and review in blog of #LiteFinance https://www.litefinance.org/blog/for-beginners/harmonic-patterns/butterfly-pattern/?utm_source=telegram&utm_medium=social&utm_campaign=post

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