Chart of the moment: $NZDUSD, a Bearish Butterfly it is by Gav Leave a Comment Here is what I see in Kiwi dollar ($NZDUSD). We are looking at a bearish butterfly pattern now, well, in case you are into harmonic pattern. Again, is the chart trying to tell you something? Trade well.
Talk about sharp eye, this is dead on a bearish butterfly in every detail: great job. Once you get a basic feel these are very easy to spot, though some of the finer points take some time to remember (harmonictrader.com or the page you noted earlier is good to have on hand as a resource for the retracement/projection/extension values on each pattern. I posted a chart which outlined the same pattern with a bit more explanatory detail of the fib levels: http://chart.ly/v36sv5s .