butterfly harmonic pattern
The principle of the butterfly is the same as the Elliott wave theory. In a specific environment, it can not only ignore the existence of some common technical indicators. From a certain point of view, the theory of butterflies can even abandon the “truth” of the technology that is based on the trend. Before you fully understand the principle of butterfly, you may not want to compare it with the famous Elliott wave theory. But as you gradually understand the principles and applications of the butterfly, you may be able to appreciate it as an excellent market for analysis. Since I have known the butterfly form, I have not studied it in depth. I only think that it is very important after the initial understanding: the position of the shape is more important than the shape itself.