Big Picture: Apr 2, 2012
Medium Close-Up: Apr 2, 2012
The purple Butterfly pattern completes at 3295.62, though that would mean either breaking the beautiful channel that’s formed since 2006 or simply waiting till June 2014 for the slope of said channel to catch up with 3295.
Close-Up: Apr 2, 2012
Since COMP recently tagged the red channel line for the fourth time just above the 1.272 on the small Butterfly pattern (red) with a nice topping candle pattern, I’m inclined to expect a pull-back very soon, with a subsequent rise to 3251–3295 before topping out.
Medium Close-Up: Apr 2, 2012
The purple Butterfly pattern completes at 3295.62, though that would mean either breaking the beautiful channel that’s formed since 2006 or simply waiting till June 2014 for the slope of said channel to catch up with 3295.
Close-Up: Apr 2, 2012
Since COMP recently tagged the red channel line for the fourth time just above the 1.272 on the small Butterfly pattern (red) with a nice topping candle pattern, I’m inclined to expect a pull-back very soon, with a subsequent rise to 3251–3295 before topping out.
