I have learnt something new yesterday about the butterfly reversal pattern from this site: http://images.google.co.uk/imgres?imgurl=http://tradinglib.com/wp-content/uploads/2007/07/bf8.gif&imgrefurl=http://tradinglib.com/trading-strategies/an-introduction-to-trading-gartley-and-butterfly-reversals&usg=__Cp14frReUhCQt4KHeyhmx5cFPms=&h=358&w=351&sz=36&hl=en&start=14&um=1&tbnid=z2hnJnHr47k7HM:&tbnh=121&tbnw=119&prev=/images?q%3Dbutterfly%2Bpattern%2BAB%253DCD%26hl%3Den%26sa%3DN%26um%3D1
While the market seems to be going against me these days, I have opted to learn about drawing butterflies instead. Here is one I have drawn on weekly price chart on ftse100.
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