Anyone know the name of the reversal pattern when a stock traces out a low, rises and then retraces about 50% of the rise and then moves higher? Thanks
I don't even know if that is a reversal pattern but what difference does it make what you call it? You trying to find additional info on it or what?
It could also just be an "A-B-C correction". Be very careful not to get too bullish and mistake the "C" wave for a "3" wave.
I'd like to know the name so I can study the attributes. I have temporarily dubbed it a half double bottom.
sound like reverse gartley or crab pattern http://lifegauge.com/trade/index.php?paged=2 look up Scott Carney, Larry Pesavento for more info.