This is a lose interpretation of the Bearish butterfly that could possibly take us back to the 20k range
Though if this did play out over the next couple of months we would see another deep correction due to the double top that would form.
*this is just for educational purpose. Please feel free to criticize this chart as i'm just studying these patterns
**the pivots template on the chart are used to get an idea of the momentum (as per Joe Zabb's lesson) though not directly related to this pattern
Though if this did play out over the next couple of months we would see another deep correction due to the double top that would form.
*this is just for educational purpose. Please feel free to criticize this chart as i'm just studying these patterns
**the pivots template on the chart are used to get an idea of the momentum (as per Joe Zabb's lesson) though not directly related to this pattern