What is this indicator?
Geometric patterns based on Fibonacci ratios (like the Gartley and the Butterfly) that forecast probable price reversal points. The accuracy of these patterns depends on correctly identifying the Fibonacci ratios at the exact points of the move.
How to read the chart
A pattern forming completely and getting confirmed by volume or the next candle raises the signal's validity; an incomplete or unconfirmed pattern can produce the opposite result.
Practical tip
A pattern's validity increases on higher timeframes and with heavier trading volume; on very low timeframes there's a lot of noise.