possibility of a bear butterfly pattern. Broke above the long term trend line
potential butterfly pattern if it breaks below this triangle that has been forming since late July/Early August
I'm so tired and just messing around with the different chart options haha. But looks like a smaller version of the 2008-2009 recession. this was the point that the market turned around and started to climb. just something to note
potential butterfly after the green cypher completion Trade: (Buy market) | OTA: | | closed OTOCA: | | closed ...
just read something about analysis using the derivative of the slope
Wow, i opened up a template i haven't used in a looong time and found this on there
maybe my bottom two trend lines were drawn too arbitrarily, but we'll see. just trying this out! :)
I noticed that if the current swing high would enter the PRZ(the yellow triangle) and then a clone of the AB leg from the .618AB retracement and (daily) trend intersection, it would hit back down to the all time low. I probably did a poor job of explaining it, but its all there in the char.
Gartley pattern PRZ and then a zone with confluence with AB=CD, the gap from the Island reversal at X and could be the beginning of a Bearish Cypher pattern