Leeds UK
Legendary Market Wizard
Experience: Intermediate
Platform: Tradovate
Broker: Tradovate
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 649 since Apr 2015
Thanks Given: 2,349
Thanks Received: 1,057
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It looks a little like a smaller section of a bigger "Andrews pitchfork"?
Not wanting to take the wind out of your sails at all, but IMO one of the curious things about geometric principles and structures, as applied to market charts, is the way in which it's sometimes comparatively easy to be (as Taleb put it) "fooled by randomness", i.e. to envisage structure and patterns which may not really be quite as significant as they appear when identified with some selection-bias, survivorship-bias and by anecdotal evidence.
That doesn't make them any less interesting, of course - just something to be aware of?
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