Primary Derived Bearish Projections: 1.13, 1.27

When combined with other specific Fibonacci measurements, the 1.27 can define precise harmonic zones of support and resistance (see Figure 2.14). Again, the 1.27 XA projection is the most significant number in the PRZ of the Butterfly pattern. The 1.27 AB=CD pattern is the most common alternate structure that is frequently found in the Butterfly, as well.

Figure 2.14.