Identify Gartley 222 and Butterfly Patterns using Fibonacci 2 of 2.

[Fernandolunatoro1]

What about the B. Carney suggests in his book that an ideal butterfly must have a 78.6 B of XA.

[Fernandolunatoro1]

You use a 200% extention of XA? I've never heard that can be used? Do you have any stats on it?

[ntlknight]

Great videos. Where can I find your "thread", or blog or forum?

I'd love to learn more!

Thanks

[hendersonjd]

Thanks a bunch money bags. Been following you on babypips. Really appreciate your contribution. Johnnypipster.

[kia4now]

thanks again money bags

[KingKaiTrunks]

That and because of the fact that a pattern can not be considered a butterfly until it passes the 1.000 of XA and retraces from at least the 1.272 (a butterfly is the retracement of price from the extensions of XA).

[joshuademoraes]

@KingKaiTrunks King, what are accurate of this patterns?

[geodawg19]

Since BC retraces to.382 you treat it as a butterfly instead of a gartley. You picked D at the convergence of 1.272 XA with 2.00 CD. Did you do that only because it's the only qualifying convergence point for it to be a butterfly?