JAPANESE PATTERNS

9 Sep 2023

Pattern V:
V = B+(B-C)

• Each leg looks like i,
  
• V pattern appears after sharp bullish or bearish moves without swing.
  
• The second leg should not create a low below the low of the first leg.
  

Pattern N:
N = C+(B-A)

• The most popular and most used between Japanese patterns.
  
• No Risk: C should not come below 50% of the distance between A & B
  
• SL: Below 50% of A & B
  
• Best Entry: after C wave break B Resistance
  

Pattern E:
E = B+(B-A)

• The Longest pattern between Japanese Patterns,
  
• A to B was created by a series of swings and bars
  
• No Risk: C should not come below 50% of the distance between A & B
  
• SL: Below 50% of A & B
  
• Best Entry: after C wave break B Resistance
  

Pattern NT:
NT = C+(C-A)

• The Shortest Pattern Between Japanese Patterns.
  
• No Risk: C should not come below 50% of the distance between A & B
  
• SL: Below 50% of A & B
  
• Best Entry: After C wave break B Resistance