WTI Crude Oil - Potential Butterfly Pattern

NYMEX:CL1!   Light Crude Oil Futures
193 2 4
Potential Butterfly pattern detected.
If this is correct, then oil             might forming second leg from the high of 49.08, possible retracement fibo levels will be 38.2% or 88.6% of AB. In this case, it seems like oil             will retrace to level 88.6% which might bring oil             to $40.30++

A B = 78.6% retracement of XA
B C might be formed if price is heading to 88.6% of AB, which is around $40.30++

Can try to enter SHORT near the black color downtrend line, and target profit level around $40.50++ - $40.30++
nicole0804 Johnkiew
this is sibeh niceee~ see the pattern
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