Pattern school
What the tape is drawing
Elliott, Wyckoff, Power of 3, and the named setups — same story in four dialects. Open a card. The diagram is the lesson. The cheat is what you do. The kill line is when you are wrong.
Elliott wavesMarkets breathe in fives and give it back in threes. Wave 2 is the trap. Wave 3 is the meat.
WyckoffSize builds a cause in a range, then spends it. Phase C is the last lie — that lie is the entry.
Power of 3Accumulate in a box. Raid one side (the Judas swing). Expand the other way. The raid is the setup, not the breakout.
Named patternsA sketch until the neckline, rim, or wedge floor does the confirming close. Until then, it is not a trade.
Named patterns
Bear flag
The bounce is inventory for the next leg down.
A near-vertical drop, then a small upward flag that cannot reclaim the pole. Confirming close is through the flag low.
The cheat
Sell the flag low, stop above the flag high. Do not confuse a bear flag for a new Wave 1.
It dies if
A close above the flag high (or back through the pole origin) means the markdown failed.
Markets breathe in fives and give it back in threes. Wave 2 is the trap. Wave 3 is the meat.