@otavio_barreto Alright. thanks for your feedback but this is a Max Butterfly that has an extension XA leg of 1.618, Normal Butterfly XA extension leg is 1.27
otavio_barreto
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@Samoburger, not because of the extension but I consider a valid butterfly only when b point is exact 78.6% in your example it's more like a crab pattern but it's also not a crab pattern because the ratios do not fit, only thing that could revert in this case would be the ab=cd variation but if it's a wave 3 it would go even lower.
Samoburger
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@otavio_barreto Okay. Enlighten me more please, How do you consider your B leg, The body of the candle must touch the 78.6% or you consider the wick to touch 78.6%
otavio_barreto
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@Samoburger, the high and the low, max/min of the candle, so if it has a Wick, it will be considered the wick, if it has only the body of the candle it will be considered the body.