The Butterfly Pattern can be bullish or bearish

 

The Bullish Butterfly Pattern contains a bullish ABCD pattern preceded by a significant low (the X). Fibonacci extension ratios converge at point D. Point D is the Fibonacci extension of BC and XA. The swing from A to D is a 127.2% or 161.8% extension of XA. Note: D must be below X. Sounds confusing? Not really, after a short period of time, a trader can glance at a chart and quickly spot a Bullish Butterfly. The diagram below explains this pattern. Also see the Membership Info page for additional trades using this pattern

 The Gartley Pattern can be bullish or bearish
for long or short trades
The Bullish Gartley is geometric in shape and comprises four consecutive price swings. It contains a bearish ABCD preceded by a significant low (X). This pattern identifies potentially higher probability buying opportunities in any market and any time frame. See the diagram below and the Membership Info page for examples of actual trades with this pattern.