Bearish Butterfly Pattern in SBI ?

Bearish Butterfly pattern is in making on SBIN daily Chart . Leg XA, AB, BC are completed and are making confluence at perfect Fibonacci ratio and leg CD is under formation. it may go up to 320 ( 1.61 extension of BC ) to 331 ( 1.27 extension of XA) level , before the downward movement.

Declaimer : This analysis is for education purpose only.