$AXL M15 Potential Bearish Butterfly Formation

• Possible bearish butterfly harmonic pattern formation with D-leg completion on 127% extended Fib level touch.

• Market currently trading above bullish NT and EMAs curving teasing potential golden cross.

• Market above M15 EMA200 and VAL, currently trying to sustain a break of the POC.

• Within Fib golden zone.

• TFO just hovering above the overbought line, could still push more towards extremely overbought zone.

Key break points to WOF:

• $1.2063

• $1.2215

• $1.2330