Markets can be volatile at times. But even amid volatility, there are opportunities for pattern trading – including butterfly pattern trading. This charting pattern is the product of volatility and ...
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The pattern is composed of four price swings (legs) and five pivot points labeled X, A, B, C, and D. It can appear in two forms: Bullish (looks like an "M") and Bearish (looks like a "W"). XA Leg: The ...