Hi, Yeahbah. you mentioned in the TUNA thread that FPH pattern isnt over yet, and possibly forming a bearish butterfly ( TP between 61.5 to 66 ). What made you think that the pattern which started out as an initial bearish gartley has now morphed into a butterfly? is it bec. pt D exceeded the 1.618 BC ext ( 57.5 ) or the .786 XA leg ( 55.2 ) exceeded pt.D? Could it be possible that the gartley pattern has just overextended and the pattern is already done? ( i hope not .)
Assuming this isnt done yet, could it be doing a crab, rather than a butterfly bec. pt B is at .618 XA, not .786. Pt. D will then be at 66 ( 1.618XA ), with PRZ at 64.5 ( 261.8BC ext) and 68 (314BC ext ).
not really sure if Im reading it right.
hope you can enlighten me some more.