Question

butterfly Fibonacci sequence? Explain​

Answer 1

Answer:

Fibonacci sequence butterfly

The Fibonacci butterfly was best described initially by legendary trader Larry Pesavento. It represents one of two well defined Fibonacci reversal patterns that include both the Gartley and the butterfly. These are reversal patterns and identify high probability areas of change in price direction.

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Answer 2

Answer:

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The Fibonacci butterfly was best described initially by legendary trader Larry Pesavento. It represents one of two well defined Fibonacci reversal patterns that include both the Gartley and the butterfly. These are reversal patterns and identify high probability areas of change in price direction.