Thanks for posting the chart. I am no chartist but do understand some basic things about the pattern.
The butterfly pattern to me looks like a bullish pattern which has reversed. I have not drawn the chart but looking at one you have drawn.
This is my reading of chart -
X - 5.9c (7th Oct)
A - 9.2c (21st Oct)
B - 6.7c (3rd Nov)
C - 8.4c (9th Nov) - should this have been 8.8?
D - 5.1c (29th Nov)
So 5.9 is first target and accumulation zone, next 6.7. And the final target quite high. Of course, if this plays out. Have I got this right?
Thanks for posting the chart. I am no chartist but do understand...
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| Open | High | Low | Value | Volume |
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| 4.9¢ | 1725686 | 6 |
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