Just posting this real quick as another bullish indicator for the market to show someone in the TV chat room.
Note: someone in the chat said "absolutely not" so I'll have to look this over to be sure of it, as I'm still a noob to harmonic patterns and I'm not sure if he was saying that simply because he's bearish or because the pattern is not valid.
Note: someone in the chat said "absolutely not" so I'll have to look this over to be sure of it, as I'm still a noob to harmonic patterns and I'm not sure if he was saying that simply because he's bearish or because the pattern is not valid.
When I first learned the pattern/made this chart, I got "drive 3" mixed up with what happens AFTER point 3, but "drive 3" is the last impulse down(in this case) before the reversal. I thought it was one of the only patterns that was able to make a time-based prediction based on the pattern rules but as is often the case, I was mistaken.