Sive Morten
Special Consultant to the FPA
- Messages
- 18,727
One question, Mr. Morten:
How confident are you generally about butterfly patterns? You mentioned somewhere in your posts that you are not very confident about MACD divergencies - Apparently, this conclusion comes from experience. Confidence (or no confidence) about butterfly obviously comes from experience too (hence my question). I became interested in butterflies (and Gartley) only recently, that's why I am asking.
Thank you.
Hi MDRun,
Well, nice question. Based on my experience, I can tell that either butterfly works perfectly, or absolutely not. It's very rare, when market start to chop around butterfly target. But this is a market. The best way - is to use something more then only butterfly for context.