Spx chart
Seriously, I have never heard of or found a butterfly pattern in the books.
But it is interesting.
My take on this.
There is an asymmetrical triangle on the left and an expanding triangle on the right .
Bulkowski's sight explains expanding T's.
Both are continuation patterns but expanding T's can also be reversals.
The asymmetrical triangle on the left is a continuation to the up side.
The expanding triangle on the right looks to me like it could be a continuation to the up side or a reversal to the down side.
I don't really have a firm opinion here.
I just thought it was interesting and gave it a name NeboXian's Butterfly and wanted to share it with you.
Thursday, July 16, 2009
NeboXian's Butterfly Chart Pattern
Posted by Neboxian at 1:50 AM
Labels: asymmetrical triangle, butterfly chart pattern, continuation, expanding triangle, NeboXian's Butterfly, reversal, spx, triangle chart pattern
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment