The Pasavento Butterfly harmonic pattern is the perfect Gartley's Butterfly.
In this article, I suggest you consider such a wonderful harmonic Gartley model as the "Butterfly Pasavento". Harmonic pattern "Butterfly Pasavento" was discovered by Harold Gartley's students and followers, Jill Moore and Harry Pasavento, and is an ideal model Gartley's Butterfly pattern.
The main characteristics of the pattern "Butterfly Pasavento" by Fibonacci levels
- Формирование вершины B на уровне 78.6% от отрезка XA – самый основной непоколебимый и наиболее эмпирически проверенный уровень для данной вершины в идеальной модели Бабочки Гартли. Конечно, иногда допускаются и другие вариации расположения данной точки, но такие сигналы весьма и весьма сомнительны, потому их лучше игнорировать.
- The formation of the top C is allowed to the levels of 38.2%, 61.8% and 78.6% from the price movement AB.
- The obligatory condition of the end of the whole model, namely the formation of the top D, is its fixing at the levels of 127% or 161.8% from the movement XA. In relation to the segment BC the top D, if this condition is fulfilled, is usually at the levels 161.8%, 224% or 261.8% from the movement BC.
Looking at Figure 1, which shows a bullish model of the harmonic pattern "Butterfly Pasavento", you can immediately notice its differences from the Gartley's model - the point D is much lower than the top X.
All conditions for the formation of a bearish pattern "Butterfly Pasavento" are fully consistent with the bull pattern.
Example of the harmonic pattern "Butterfly Pasavento"
Capturing the essence of mathematical decomposition by Fibonacci levels The "Butterfly Pasavento" pattern, let's go directly to the market examples.
Look for harmonic Gartley patterns by exercising Fibonacci levels and careful observation of market events. Have fun trading and see you again.