Torqputty - Sorry, RST is not over. An RST is a reversal pattern. In this case a megaphone TOP. If you read the explaination you will see that it is not over till it finally goes through the bottom line. Your blue line is impossible if this is an RST, and it is. Your chart bears little resemblance to the diagram. Yes I said it topped Aug 3 but that call was negated when we overlapped to the upside at 1245. You can make up your own rules and define anything however you like. However if you stick to the commonly excepted rules of the pattern it is not over.
The wave count would be negated if the EWave rules are broken. Like an overlap to the upside.
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