OAC, I have seen those butterfly charts a few times but I don't really understand what they mean. For example, what would a potential target be if it held or if it broke?
When I look at the YM, I see a double top.
When I look at the weekly, I see a double top with several key support levels failed.
And on the monthly I see the long term trend line holding, but I don't know how long it will hold for. It still looks like we might see lower 11,000s. But of course, I'm biased.
So some explanation on that chart would be much appreciated!
