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.
Wyckoff
Distribution
The story is still bullish. The tape is not.
Buying climax (BC), automatic reaction (AR), secondary test, then an upthrust (UT) — a false breakout that fails. Sign of weakness (SOW) breaks the ice.
The cheat
An upthrust that fails is the bull trap. Bounces into the old floor of the range are exits.
It dies if
A close back above the upthrust high after a SOW means demand is not done. The creek is still live.
Accumulate in a box. Raid one side (the Judas swing). Expand the other way. The raid is the setup, not the breakout.