I spotted two patterns completing in virtually the same price level. This is a long shot trade as price may never get down there but for a small amount of capital with a long term outlook the returns could be in the 1000's of %
I'm not familiar with this style of charting patterns, is there a name for this that I can look it up?
I've been using Elliot wave and basic candle stick formations the past 6 months but I've never seen a chart look like yours so I dunno how to interpret it but im highly interested.
I see your ABC wave counts but I don't understand all the triangles.
Gmanns777
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@Redjinator, Hey Red. Sure those are what are referred to as harmonic patterns. the two in this chart are called butterfly patterns. Im sure you can find a lot of information online if you do a search for harmonic patterns. I also did a video a while back on the Gartley pattern which might be of interest.
I've been using Elliot wave and basic candle stick formations the past 6 months but I've never seen a chart look like yours so I dunno how to interpret it but im highly interested.
I see your ABC wave counts but I don't understand all the triangles.