"ammo Registered: Feb 2007 Posts: 19705 01-07-14 01:24 PM spy higher high higher low may have to retag that 84 5 area for a 3 step drop pattern to 173 2014-01-07-prophet.png spy.png" not holding my breath but this pattern completed today
its so well disguised i cant tell, there are indicators you can use but dont know em well enough or trust em
for the record that pattern is so rare you cant really bet on it,just pointing it out,have several times and it rarely plays out . we do have a long term trans tl and dow tl as res,as far as hns ,there is an ihs in spy with a rising wedge,so longer chart is bullish and shorter pattern bearish,longer usually trumps shorter