Just another way of looking at a fulcrum (W formation) -
Current move down can go below prior low, or hold above,
either will work with this pattern. Key is to reverse
and break out above the "Back". Initial target is
the "Tail", and with follow through, the Ext. Tail.
Of course, PnF will have its own targets to add
for possible confluence. :o)
Current move down can go below prior low, or hold above,
either will work with this pattern. Key is to reverse
and break out above the "Back". Initial target is
the "Tail", and with follow through, the Ext. Tail.
Of course, PnF will have its own targets to add
for possible confluence. :o)