Harmonic patterns get a bad rap. Most traders who dismiss them have never seen a properly formed butterfly complete - or they tried to trade

Harmonic patterns get a bad rap. Most traders who dismiss them have never seen a properly formed butterfly complete - or they tried to trade every ABCD they spotted on a 5-minute chart and blew up. The butterfly is not a random shape. It's a specific retest of a prior extreme with Fibonacci confluences that reset the risk frame. When you understand the structure, you stop guessing reversals and start measuring them. The classic butterfly requires four legs: XA, AB, BC, and CD. The CD leg must extend to the 127.2% or 161.8% Fibonacci extension of the XA leg, depending...