An alternative way to look at it would be in the form of a h&s reversal pattern that is in the process of completion as shown above.
Comment:
Break below neckline..
Comment:
Possible test of the 1.272 BC projection.
Possible test of the 1.272 BC projection.
Comment:
Potential bullish butterfly.
Potential bullish butterfly.
Comment:
Comment:
First target reached. Reversal anticipated at this point.
First target reached. Reversal anticipated at this point.