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.
Comments
DanV
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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 tradingview.com/v/DmsM79VJ/
Farbenspiel
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What about the much bigger megaphone we see now, target ~ 1.700 or lower ?
UDAY_C_Santhakumar
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On a weekly chart (Longer term IMO) yes. The Setup that I pointed out, Has played out