Don't you just love it when things are going exactly the way you predicted ?
The butterfly pattern posted some time ago now almost reached it's completion, and if this level holds we can start to look for our targets going long.
Edit : while posting the pattern actually completed.
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That's why I said "if this level holds" ... indeed there is some further downtrend potential, but only time will tell where it is going.
My trading plan says to look for a double bottom with RSI divergence, if I see that I'm going long :)