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
Head and shoulders
The story is topping. The neckline is the tell.
Left shoulder, higher head, right shoulder that cannot match the head. Neckline through the two troughs. Confirming close is under the neck.
The cheat
Wait for the neckline close. Target is the head-to-neck distance projected down. A reclaim of the neck is a squeeze — cover.
It dies if
If the right shoulder makes a new high, it is not H&S. You may be in Wave 3 or 5.
Accumulate in a box. Raid one side (the Judas swing). Expand the other way. The raid is the setup, not the breakout.