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
Falling wedge
The coil after a decline. Often resolves up.
Both lines slope down and converge. The floor is flattening relative to the ceiling. Confirming close is above the last lower-high (the falling lid).
The cheat
Close above the last lower-high. That is the start of green. The wedge floor is the invalidation.
It dies if
A close through the floor means it was markdown, not a coil. Do not catch it.
Markets breathe in fives and give it back in threes. Wave 2 is the trap. Wave 3 is the meat.