A bullish ABCD pattern Follows a Downtrend and means that a reversal to the upside is likely.
AB(time&distance) = CD(time&distance)
There are many cases when the market reversed after AB=CD pattern Going beyond point A.
My Megaphone pattern TA did not work out as it broke further downside
Not a financial advice
Not a financial advice
Megaphone pattern are common in wyckoff schematic to create uncertainty and volatile conditions which helps the composite man to exhaust bulls and trap shorts before the markup
