Possible Butterfly Pattern to form causing false breakout
Updated
I'm following a possible bearish butterfly formation which would cause a false breakout on the current bull pennant. This will ultimatlye test record resistance levels and turn our bull pennant into a bull flag.
Note
Looks like we had a butterfly pattern but not where I originally thought.
Note
it was combined with a bearish three drives patter
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.