Hi, I am not nearly as experienced as most bow makers on here, but I do learn a lot of new bow styles just by looking and playing with them until I get it right
I think you could do this either of 2 ways, with a continuous piece of ribbon or with 3 pieces. The one you have pictured looks more like 3 pieces to me. Make the figure 8's, you could stitch each one separately and then stitch the 3 together in the "flower" configuration you want. You know, stack the pieces on a straight pin or needle and arrange them, then stitch in place.
Just my 2cents, I'm going to give it a go this weekend as it's a very cute clippie!