Replies to post #10548 on 123Tom's TA study group

[Sendme]

Shark pattern.

https://www.profitf.com/articles/forex-education/harmonic-pattern-shark/

I will be watching for a potential reversal zone up around the 4600 level.
That would be a set up for a Shark pattern.

Also I have put yellow lines at all the swing lows that could be taken out as well once we complete this inverted H&S pattern target.

[123tom]

yes,I agree
a wave 5 to test the top. Elliott wave can be at times tricky to examine. since a wave completion can actually come in 7 waves even 9, before its finished. its not always just 5,Ive found more often it runs 7.I also find that the controlled S+P ,like its doing now, when it climbs back, in this giant constant upwave, has always followed technical math patterns, like its totally run by computer algos, and they hold the shallower 38% retrace more often, and usually break thru the 5th wave target... but when I study the AVXL pattern, AVXL makes its rally, and very often ends after the wave 3, when it should keep going to wave 5, it stalls out along the wave 3 and sideways wave 4 and then gets bled down again.