When a Bearish Butterfly is used as inflationary measure, Eventually, those two peaks from W becomes two peaks of M as deflationary measure.
It could extend for more, we have seen it in the past in other graphics, but that would depend on many factors.
So, for now, basic setup
-CharterX
// Personal ideas and knowledge i have gathered after thousands of...
I actually like this as it shows strength in future bullish movement. I will watch both patterns and I guess where a reversal happens is going to determine which pattern is valid. Both entry points are at past support so only time will tell on this one. All trade set up details are in the chart pic
