If you bend it far enough, you could call it anything
UnknownUnicorn168204
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Elaborate please
johneee3456
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When looking for a potential pattern that MAY be forming it is best to look for CLEAR swing highs. We should not attempt to morph the pattern into something that suits our subjectivity. We should be able to read whether the market is creating an impulsive leg or a corrective leg, only if all the confluences line up, then look to trade a low probability reversal. If we are just making up patterns and then calling them something that they are not, we are just gambling. Good Luck,
UnknownUnicorn168204
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Thank you for your valued input, best of luck also James
Nico.Muselle
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I'm not sure I get your point. while waiting for the cypher to complete (and this is a valid potential cypher pattern), there is nothing wrong with looking for an opportunity to trade the CD-leg down using structure as a basis for entering the trade. I don't see what this has to do with gambling ? If you are looking for impulse legs that are more clear, that is part of the way you trade, but there's no need to criticize other members for trading differently.