Potential Bullish Butterfly Reversal

Measuring the A to B leg with fibonacci , C slams right into the .382 fibonacci retracement . If the .382 can hold it's resistance and throne, we may see possibility of a bullish butterfly completing at price $12.65, 1.27 extension level.

Although A to B extension 1.27 and C to B extension 1.628 does shows confluence, price may reject these levels as support and bounce back up. All we can do is predict. Price action is our play book, whatever price does, we follow.. Let's see what happens.

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