A potential reversal of the bearish market, where price and time symmetry are key.
The pattern may be easily identfied by three consecutive symmetrical mountain bottoms. The patterns contains two connecting (intertwined) bullish ABCD patterns. It also contains a bullish butterfly pattern (completing at the third drive). I suggests that a market may be at its most bullish, in which a more significant correction may occur. May offer an excellent risk/reward ratio. Pattern failure suggests a potentially strong bearish continuation may be in progress.
The pattern may be easily identfied by three consecutive symmetrical mountain bottoms. The patterns contains two connecting (intertwined) bullish ABCD patterns. It also contains a bullish butterfly pattern (completing at the third drive). I suggests that a market may be at its most bullish, in which a more significant correction may occur. May offer an excellent risk/reward ratio. Pattern failure suggests a potentially strong bearish continuation may be in progress.