dp

Re: @4xForecaster KOD -- bear Anti-Crab?

dp  
FX:AUDUSD   Australian Dollar / U.S. Dollar
115 2 0
On the plot
David -- thanks for your comments.

" I would refer to Scott Carney for more information on these patterns, which he discovered)." -- I've never seen the Cypher discussed by Carney.
Reply
@dp - As drawn, your pattern would qualify initially as a Cypher as well as a Shark. However, a Cypher would carry price to 0.786 of the total initial impulse which you decided to define as Point-D and Point-A. In contrast, a Shark has a peculiar origin at "zero", which corresponds to your Point-D, and would pin its completion Point-C at either 0.886 of that impulse mentioned above, up to 1.131 of that said impulse (Point-C completes a Shark as the Shark is a quasi-pattern, and really exists to lead to a 5-0 Pattern. I would refer to Scott Carney for more information on these patterns, which he discovered). David
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