Earlier this year 2014. We had the Qs forming a falling megaphone. It did work wonderful there. While in a Megaphone pattern formation, FIBs and trend line needs to fill. Else we will face a push to one side.
Agree that a megaphone pattern are normally seen at the bottom or top as they mark end of the move. In this case I thing since the Feb low we appear to have large rising wedge, ie ending pattern on larger scale. So it would be very interesting to how it unfolds. I have bearings bias on this