Chapter 2 Traditional trend lines 14 patterns

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             Our traditional heritage

Chapter 2

        

         Traditional trend lines 14 patterns

The Road to the lowest point has three directions (3 balls); 
chair pattern which is hopefully best result in combination  with  resistance & supporting line with (7) pillars which is very unstable and traditional methodology of trend patterns, and which owe to be methodically respected the reputation of old generation skill.

The lowest point should be overlapped or must be intersect by one of three directions and all must be detected by My 3 millers. 
For enriching the statistic, we better to know the other two directions as well, doubtlessly the more possibility we handle, the more statistics value we obtain.

Hence

We shall see those components of factors naked and fully naked

And attempt to breakdown and rebuild Elliott theory in this chapter, juggling the facts for the lowest point   

Unconsciously and frequently we may heard about special terms of double bottom, double deep, shoulder, Golden cross and dead cross and from mass communication such as TV, Radio and newspapers. 
Astonishingly Few peoples seldom know where come from and originated.

The more they know, the more they surprise that the below 14 terms can be welded or jointed by Elliott wave. 

So many professional traders seldom know those Traditional trend lines 14 patterns are bastards born by of Elliott waves, even to the professional trader, surprising enough to die.

 I do not know the reason why bother themselves to express in those terms.
presumably, they did it for some convenience to easily transfer that idea into general peoples? 

Anyway we shall see:  

Symmetrical triangle, Ascending triangle, Descending triangle patterns, Wedge, Rectangle, Ladder (Channel), Flag Converted Flag pattern, Rounded bottom and Cup with handle pattern W pattern, Double bottom W, V pattern and VVV pattern before we access with my chair condition pattern with my 3 millers.

Subsequently these chapters will efficiently confluence with lowest point, intersected with other two chapters    

I would like to see and access to here from our traditional heritage of pattern, achieved before us by precedents, our senior leader, and as the byproduct of toil and perspiration 

since Dow Jons, the founder of technical analysis, and also would like naked about mediocre toolkit  which has been survival from biological fittest “challenge and response” and from natural selection in this field,

 for The existence itself is undirected verification of its value  and Subsequently whenever those 14 patterns are faced and concurrent and with my 3 miller’s tools, 

we would better enhance and eventually arm with high probability.
Those tools will be paraded the 14 traditional knowledge, in terms of my unique psychological interpretation.     

In Chart world, the power of memory does not seem to be usefully effective as much as Quiz show . but seems to be requiring more power of synthetically interpretation. 

It is not because of a game based on the fragment of knowing but based on ability for Communicate with the psychology from chart language into especially geometric pattern since it is just habitual human behaviors repeat by itself, like human history.

We have to focus not so much memories all 14 pattern, as the study of their psychology situation, for it is not matter of quantity of information, nor for quantity of knowledge,

 but it is matter of power of comprehension of psychological communication. Otherwise we will be forlornly exposed to restless places where is blinded by fear and greedy where human logos is defenselessly disarmed with pathos of restless, and even vulnerably suppressed by emotional with unpredictable reactions, If we are not trained. 

In order to not allow us in such a situation of pugnacious statue, we need to be avoided and familiarize and intimated all possibility in dangerous situation, we will be less frightened unless we can habitual a certain case of repeated pattern.

I have believed that the most powerful tools are perhaps capability for deciphering the psychological chart language and for enhancing the ability for converting the chart into storytelling, and reversely re-converting from storytelling to chart.

Otherwise we can’t construct any criterion. Watching on chart, if you are able to reconstruct that fragment of pattern in the storytelling, we may no longer novice. It must be meaningful advance to be near to hunting the lowest place.   

This is layman terms of key conception how to process

At First circle, you may find out the interesting point from one of Traditional trend (14) pattern

At seconded circle, in this case, you find out this symmetrical triangle pattern  

At third circle, you refinery the result by 3 miller conditions with Trio indicators

You may combine and copy this process not only this symmetrical triangle patterns but also all different (14) patterns with same routine way    

Chapter 2

Symmetrical triangle pattern (1)

Of Studying the pattern, it seems like studying geometry, summoning the soul of Euclid (300? B.C.).For most of pattern is son of geometry shape

We begin with Symmetrical triangle pattern.

What a perfect of Symmetrical triangle pattern it is!

It is splendid beauty 

See the right side of chart.①②③④⑤⑥⑦⑧⑨ and ⑩.

And let us ask ourselves with sophisticated a question since we have already had the 50% of prior language 

if we can question properly and If can’t any question for something we know nothing. Anyway as long as we can choose good question, we solved the problem of 50%.

First one “Is it inevitability or an accident why do they display on shape of Symmetrical Triangle with order from the chaotic chart?” if it is not a planned architect.

Second one “is there a gentleman agreement for drawing Symmetrical Triangle between traders?” even so, is it really possible to draw certain geometrical shape with the agreement on chart with those agreement?

I

 hope those question is 50% of all answer of this chapter  

The less of 50% answer will be

We would better regard Symmetrical triangle pattern as son of Elliott wave, converging to power by psychological strife of triangle (3.3.3.3.3.3.) pattern in the process of E wave  

Moreover we may well consider those contractions of power as the converging of 3Mas

But it is often occurred at the point of C wave shown as (C) point which is (2/3) or 70% of whole triangle 

 For example, the point of ⑥ is pivotal signal for direction whether if it is UP or down because the place of 6 is 2/3 of Symmetrical triangle pattern.

(a)    has more possibility and stinking of which direction  is up or down, When it is breakthrough within of two third (2/3) or 70% of triangle, usually it breakthrough upper / down line as (a) in my personal experience

(b)    has  converted into vertex as (b), 100% all the patterns including triangle and ascending descending and wedges pattern, has hardly get clue by means of its direction anyway regardless of direction, it must be determined which way they are heading for approaching to the apex

For example of case (a)
in order to be breakthrough upper line as (a),
 it should be happened to the point of ③ or ⑤, owing to breakthrough within of two third (2/3) or 70% of triangle pattern.

case of (b),
we can hardly predict the direction, in this case. 
we have wait until being converted into vertex as ⑨ or ⑩

However

Review numbers ②, ④, ⑧and ⑩.

I require from you the capability of converting from chart to storytelling and convertibly from storytelling to chart.
 It is one of key for understanding pattern. 
Such a small makes big difference in chart world and in this game of war, to death. 

Ask to yourself why those numbered line touched by price and are down? It is synonym of that you know 50% of it If you can properly make question by yourself about Why

And why, though Price which is inanimate object is it drawing Symmetrical triangle like an animate object, all trader are a geometrical or an architect?

And review uneven numbers ①, ③, ⑦ and ⑨.

And again ask yourself why?

Try to enhance the power of introspection 

And Is it collapsed nearby an apex of triangle?

Never try to memorize just patter but to be understood it fully, with imagination what is your chose, if you are in the positions, one of those points

If you are approached to what you are doing now, it will small different but future it big different so that your power of deciphering chart will be unlimited.

Anyway the answer will be from next pattern

You may automatically be understood after reading next.     

Ascending triangle pattern (2)

It has same substance and same attribution of psychology as Symmetrical triangle pattern.and Only appearance of trend line is different in battle point of price level.

See the even numbers ②, ④, ⑥, and ⑧ all the point of price is flat. Do not interpret even think it as a sort of fluke or a chance. It is byproduct of psychological war to live.  

On the other hand it seems more likely Pessimist’s lines that they will happy for selling at the same price of flat level, regretting about lost chance to clear up.

See reversely the uneven numbers ①, ③ and ⑤. All the point of price is uptrend

They are more likely optimist’s lines that they will happy for buying at the higher than before price, regardless of higher price they are willing to collect them.

Find out where it is from the chart. The level of price is getting higher and higher but they don’t care of it, rather they are busy for collecting of them. In this chart the winners are optimists who are don’t care of price. Hence This Patten will guide you to the bullish.

Theoretically descending pattern of triangle will be reversal not only shape of triangle but also reaction of human psychology but the exception are inevitable

Let us see the Descending triangle pattern as exception.

You may want to know how to draw the trend line from the even numbers ②, ④, ⑥, and ⑧ (See the circle on flat of triangle as above chart.) 

You may well start to make it the trend from those 4 points depending from which the point is breakthrough. Visualizing (a),(b), and(c) are breakthrough, how do you start to draw the trend line?

Descending triangle pattern (3)

This is the other way around of ascending triangle pattern, even meaning and storytelling  

See the uneven numbers, ①③⑤⑦ as the price is getting down, they are happy for selling it

See the even number ②, ④, ⑥ and⑧ they are happy for buying at same price of flat lines

Nevertheless it is not guarantee that the price wills breakout the upper line of triangle. Do not forget that we are talking about only probability but we are not talking about sufficient and necessary condition on chart world.   

Meanwhile let us review the triangle I would like to give you some meaningful information.

When it is breakthrough within and inside of two third (2/3) (see at the place of No ⑧) or 70% of triangle, usually it breakthrough upper line. It means the collector is arraying to rashness and reckless

Hence the price should not go near to an apex of triangle    

Wedge pattern (4)

This is distorted as mutation as by all triangles Pattern, depending on your drawing pen.

You can use it, when the life cycle of stock is processing of collective wave such as 2, 4, and C wave and may well interpret it as a Symmetrical triangle pattern. 

Hence we would better regard them as mutation of triangle. By and large all the Elliott pattern can be melting down into 3 Wedge pattern. The entire wedge is expression of retracement of wave against impulsion wave   

Rectangle pattern (5)

This rectangle is one of our main target place as right leg, intersected by the long feet in chair pattern, no matter what retracements is (it should be 2 4 and C and E wave, as a form of right or left toe)

 you may consider long rectangle as process of period adjustment which I defined shortly the terms of “a feet” (refer to my chart pattern chapter)   

It is power balanced that 50% of them thinking that  the price is cheaper at the certain points

Rest of them (50%) think that the price is expensive at the certain points. At the same point it is different opinion of valuation of it.

The evaluations of stocks between bull and bear have been  same quantity and quality divided by exactly a half of them. 
you may consider the movement of price is well balanced between buyer and seller, drawing rectangle.

A Final winner, driving like railway, is uncertain who is going to win until one of both is derailed from parallel rail.

Such a box can be substituted and displayed on the plot of BBS as pattern of sideway; we regard it as same behavior and same psychology status of box theory. The power balance, Comparing with triangle, between bull and bear has been exactly same

There are no converged to apex point which nearby an apex of triangle, the winner would be turn out.

I strongly recommend you, if you are not professional, to deal nothing but this Box theory, and strongly remind you to check whether if they have been passé though the Saga of “C wave” or E wave as retracement (I name them feet and toe, refer to chair pattern chapter). Like below picture, In this case I would bet upper direction.

(a)   Is rectangle after C wave as retracement ( defined a left feet)

(b)   Is rectangle after E wave as retracement ( defined a right feet)

There are two rectangle marked in yellow boxes. 

Love this pattern whatever they say of whipsaw patter rather does not afraid of it as long as you are well armed with my 3 millers toolkits. This is our ambushing place to hunt  

It has been frequently happened more than we expected. You may confront often enough with this opportunity,

 I wish you to have done for ready, and ready for hunting when you switched timeframe chart such as hours chart like 1,2,3,~12 hours as well as  daily, weekly and even  monthly chart.

See ②④⑥ and ⑧

The entry point is always the base (down) line of Box but not upper line of Box.

 if you not depend on signal of stochastic divergence For sure, you have to arm with “stop lost” or “loss cut” base on the down lines of BBS (BBS and Box line of down line has same attribution of psychology)

Yes! It is called as the process of adjustment of period recharging the power but not called as price adjustment. I define this as a feet (refer to my chair pattern)

You may also deal this box not only with retracement but also with impulse wave such as 2 and 4 waves.

Meanwhile 
the STOP LOSS is the Reversal divergence of Stochastic with 5 times multiple numbers chart. (For example if you see it by 25 minutes chart, you have to research the reversal divergence from 5 minute chart (5 minute chart X 5 times =25 minute chart) 

you may be no big deal with 30 minute candle chart.)  You never forget the LOSS CUT is only your savior in war of uncertainty.

Try to Do your best to deal with The Best entry point of a toe, No ② if you get it at the base line of rectangle. 

As mentioned before, your psychology will be free from fluctuation between base and upper line.

If you are a professional, you may try to get it at the upper line as long as you conquer the Trio indicator conditions.( for its detail, refer to trio indicator chapter)  

It is one of distinctively difference between Stock and Forex that Forex can offer you the chance with bi-directions, “round trip” buying and selling unlike stock, as long as you trust of the logic of Induction, but stock is unfairly only one way.

And also think about why after breakthrough the boundary of Box, the price is touch down on the boundary of Box again?

And reflect on your statue of phycology, do you have any intention of ensuring profit, if you bought it on the pervious upper lines (let us say 4 times it has been touched) of box? Or keep going on it? 

The ideal entry point is the place of retracement, No ⑩ where is overlapped with middle line of BBS, Red thick line shown by Telephone alarm signal(☎.) Which is also same attribution as upper line of Box? (Remember! some say this movement like whipsaw if so, the entry point is obvious)        

Ladder (Channel) Pattern (6)

You may know the entry point from Ladder (Channel) Pattern. Indeed! It looks like.  If you have target on ②④⑥⑧ and⑩ you have right decision for buying but selling point is uneven mummers ①③⑤⑦

Regardless of those dealing points, you can target on the “O” buying points from this pattern which is alternative target point not only for saving the time but also for enhancing the possibility of intersection with my 3 miller’s condition

Meanwhile
 it may well be regarded as a distorted rectangle not only of characteristic behavior
 but also of Psychological status. All Main concepts from the pattern are finding out common element by inductive logic, since all substance is same as rectangle pattern byproduct of Psychological war.

 in especially ⑧&⑩ points are shared with resisted line of MAs and BBS, the more intersection of facts, the more you can ensure the better possibility 

Flag pattern (7)

It is subtantilly same as other wedge patters. 

we would better access to the lowest place not from Elliott wave but other intersected facts such as here trede line(14) and 7(pillars) because Elliott wave had been justfy himself with “differ with circumstance. 

Anyway 

You may well regard the flag not only  as one of a ladder pattern  but also reactangle pattern

It is also happened to the process of retracement  as well 2,4 and C as E wave like all other pattern as difined left and right feet in chair pattern

Often enough the highiest top point (see the No ①) is shown by a candle of grave stone, lightning rod or converted hammer type with higer volume. At the same time if you check out stochstic, you may find out reversal devergence.

However the important  thing from this pattern is to know where is best point to be entered.

It is also, Patience is a virtue, required the processure of retracement with patience. Without ignoring the post (finger sign ☞) as un- meaningful movement, you may have the worthy to keep your eyes on it.

See the No ⑨ shown by Telephone alarm signal(☎.) which is recoiled at the upper line of flag.

If you are using BBS as an indicator of your chart, frequently we will see it’s replacement on the Red color think line of BBS middle line. Hence whenever after breakthorugh is happed to all the pattern, the Red line of BBS has intersected by the registance and supported line. Specially in the peridod adjustmet of flag pattern, the the Red line of BBS has fullifiled with strong supported line.

Converted Flag pattern (8)

It is subtantilly same as other wedge patters. 

we would better access to the lowest place not from Elliott wave but other intersected facts such as here trede line(14) and 7(pillars) because Elliott wave had been justfy himself with “differ with circumstance. 

Anyway 

You may well regard the flag not only  as one of a ladder pattern  but also reactangle pattern

It is also happened to the process of retracement  as well 2,4 and C as E wave like all other pattern as difined left and right feet in chair pattern

Often enough the highiest top point (see the No ①) is shown by a candle of grave stone, lightning rod or converted hammer type with higer volume. At the same time if you check out stochstic, you may find out reversal devergence.

However the important  thing from this pattern is to know where is best point to be entered.

It is also, Patience is a virtue, required the processure of retracement with patience. Without ignoring the post (finger sign ☞) as un- meaningful movement, you may have the worthy to keep your eyes on it.

See the No ⑨ shown by Telephone alarm signal(☎.) which is recoiled at the upper line of flag.

If you are using BBS as an indicator of your chart, 
frequently we will see it’s replacement on the Red color think line of BBS middle line. 

whenever after breakthorugh is happed to all the pattern, the Red line of BBS has intersected by the registance and supported line.
Specially in the peridod adjustmet of flag pattern, the the Red line of BBS has fullifiled with strong supported line.

Converted Flag pattern (8)

Nothing new on the sun except rearrangement.

specially in the field of stock analysis, there are too much copy and too much imitation of idea.

the  diverged exprestion of all the patern is just mutation of Eliliot wave, for instance, calling contaminatedly the C wave as double bottom,W, dragon fly, and butterfly, is substancely same thing, insisted noisely on that they created, withoutconsidering of wherther if  Readers would paying for headache for acceptance of new terms or not. the difference is just  name. I am dying for remindding them “Don't reinvent the wheel”

It is ,for example, known not only by William J. O'Neil “CAN SLIM” “Cup with handle” American but also Gumajawa Dakesaburo Japanese as totally same but just name is different even dow theory it is called the “Neck line” it makes us toil and confusing.  

The idea is recalling a proverb” buy at the knee and sell at the shoulder” or “gives cats the tail and head of fish” it means that lowest point is too danger to trade it

And also it is known by the retracement of 2 or 4 wave of Elliott. Hence You may well consider it as one of category of feet or toe pattern but not you can hardly see that it is chair pattern.( because my chair pattern is the ending of C or E wave. But this is impulse wave)   

①     2 wave of Elliott Retracement of where is called “Cup with handle” by William J. O'Neil where is the best point to be entered with weapon of Fibonacci. Can you find out where is the handle? it is ① of telephone signal ☎ (I would enter here as soon as the red middle line of BBS is set down) 

②     is ending of ② wave of retracement shown by telephone signal for emergency not to be forgotten nor confirmed by red line of uptrend.  

③     Is the previous higher point. At the same time we should remember the concise definition of “wave” which is defined as “when the wave is simultaneously up both low and higher point, we call it ascending wave or uptrend wave or wave is live. The other way around is downtrend wave. It means that wave is about to start first step and overcome the bearish phase.(read and chew and digest  it carefully and repeatedly )   

From The rounded bottom or dish pattern,being good traders, we have to smell as proffetional as that someone is sneaky and persistently buying and collectring it.

Why?

Why do they do that?

We don’t need to know whom but but why?

we have to consider the course of facts and of why & how: 

they have the power enough to lift up price like big majors

they are able to enough preoccupate all the information earirer than us 

they have invested enough here with long plan and with stragigic , unlike indivisutal players?

They are, Unless price is up, also losing money & time like us, or are losing when they abonden it.

It is sufficient enough information for us to read their cards from the cup with the handdle

Otherwise you have to re-suspect why they breakout the No③ of priviouse higer point

Anyway

The length of bottom of cup is the longer, the better relatively. It is also proposinal to it’s side way like reactandle thoey. It means the collector’s money has been long time submerged into here, being charged energy, and considering about Bank interrest, the collector has been so long time crying and painful to be lingered by sleeping money ,Unless there are meaning and otherwise they are misculcutlate it  .

W pattern (10)

This scene is the chair pattern as left side. Observing 3 and 4 you may rejoice of stochastic positive divergence.

Meanwhile The Collectors (sponsor or majors) abhor and panic when the price is down less than his purchasing price, being also human like us. For they are also slavers who is subordinated by the psychology “preserving of original capital” or “retaining prim cost”. They may deny they are not, but they are trading like us with unconsciousness of cause and effect

The collators or major or whomever we call them, they cannot deny neither be free from human. It is common nature that all human can be upset when they are losing money. The point is that as colleting stock, the price is not less than their purchasing price  

This pattern is exactly “W” which the level of angle is “0” degree or flat

It means collectors are panic when the price is lower than his breakeven price.

If you are in his position, how do you feel it?

One day the price is lower than your average purchasing price what do you feel like? It is never useless question and never be wasted your time to be contemplated. For example, I will say if you constantly or even sneakily have been collecting stock, it means you have bought not stock but fear.   

Let us think in this way, in such case, there are two possibilities you can think:

One is happy case, if it is lower than your break-even price, you may celebrate yourself, because it is big chance to collect more of them. The other is stress case, if you have already invested, 80% of your whole asset “-“minuses which you cannot celebrate?

.

To make it worse case, if the collector had approach to here with some secret or good news about company, they will rash not to level down on No ② level of price, Even they are eager to pay the price level of No ⑤

The case of No ⑤, we call it double bottom pattern. (Refer it to the double bottomed)

This is my favorite pattern where we can fide the Eldorado.

See the No ②. It is almost “W” of flat

The candle is called hammer type   (       )   which as lower price tail (under shadow).

It means the collector has defended this level of price.

Also see the No ① as well. In that time, the candle was hammer type with long tail (under shadow). Majority or collector regarded it as that the level of ① and ② is reasonable in terms of stochastic divergence

At the same time, Remember the collector should not be always human being,

Nowadays computer automatically buy it, when it is reached at the certain level. Where is beforehand programmed

If you approach to No ②, the stop loss is ideally the divergence line No ④ between No ① ~ ②. You would better not keep eyes on the price but the angle degree of stochastic. You may refer to the chapter of Stochastic. 

However you may call this as converted flag pattern

But you may not forget what kind of psychology is melted into W pattern and dialogue with even murmuring yourself as Candle’s movement

Double bottom W (11)

This is ideal shape of my right leg and toe in chair definition and is an adjustment of price as showing you deeper angle is rebounded from point of No ③.

They are somewhat rush, rash and push themselves so as to collect it at the first and one blow. Not processed in the name of ‘price adjustment’ for price.

④ is considerably influenced by previous higher point who wants to keep at least break even price. Hence it will be logical conclusion that the result of ④ is production of prevailing negative phycology from previous price of higher point

Also No ④ is the point where you may draw the Fibonacci adjustment by the tool of Fibonacci retracement, which would measure collators’ willingness 26>38>50>63%.  If it is retracement by no lower than 63%, we should let them go and forget it. Because the definition of Wave could not accordance with

From time to time when you face with circumstance, always create some “resistance & supported line where is concurrent with my 3 miller condition not to mention with other intersectional point,   you will be a huge beneficiary, thought, It differ in circumstance.

For example in this circumstance if you, at this moment able to think and create “Fibonacci retracement supported line; it is just in time you have thought and created it  

VVV pattern (13)

This is ideal right leg but feet which are ideal rectangle as C wave or down- trend of Flag patter as period adjustment.( some say it is whipsaw)  Whatever it flat forms as box and rectangle shape unlike ‘V’ pattern. It is the toe but long feet of right side, in modeling of charging the energy just like charging your mobile phone battery.

As I mention as earlier as rectangle pattern, it is more significant and powerful when it is happened after C wave (Refer back to Rectangle pattern (5))

Insinuating and tantalizing and Showing you this process of ‘the period adjustment’, the major are sucking your blood like vampire with Ringer's solution (perhaps this is one of reason why people dedicate conning a word “a whipsaw’ pattern)

The length of rectangle is proportional to power of major, which mean that major has power to control enough all the stock and energy enough to lift up the price, entirely depending on major’s merci. It is often occurred not only at the chair pattern as long feet but also at the any retracement wave such as 2 or 4 wave. 

When and where is the ideal timing point to enter?

It is time when “three Moving average” (for example 5, 20, and 60MA) is converging into certain point, inside of rectangle. It has more meaningful, sticking together at a point at least 3, (of course the more, the better) and fortunately you can find out in this chart “3 three Moving average” such as (5, 20, and 60MA) and also you can check it out; such as the purple, yellow and green color MA. (I know it is not exactly but more or less, they have been converted into Box.)

It is also called as three bottoms and bottom of dish of ‘Cup with handle’ even you may call it as Converted Flag pattern. 

Be my guest, the calling is not important as much as it is true meaning. But we have to try deciphering what nature they have, since trading is not so much Quiz show as it is dried war with logic and reason

 Hence we are faced with requirement of knowing what kind of reaction will be expected and predicted from the entire pattern. Since our study is not matter of memorizing all the pattern and name. 

Dish pattern (14)

①     Is meaningful line for resistance and supporting line

②     Is hammered by 1,due not to breaking through the previous lower point

③     Is ideal point for the Cup with handle or (the Neck line) which is acted as both resistance and supporting line. Usually the volume if you can see is higher than 2 when 3 breakout 2 and 1. But interestingly seconded time of rising candle is inverted propositional volume. I mean when the point of 3 is rising up, the volume is lower than 2. But price is UP!    

The expected price is not only the dish pattern but also is lowest point. 

Only this pattern seems to have less relation with Finger theory, being able to hardly discover any fragment of waves from here. Rather it seems to be as whole of life cycle of Elliott wave. 

It is considerably depending on between macro and micro view in terms of timeframe. at any rate  you can draw the expected price line according as previous higher point as a rule of balance see the both level of  = and  =   

Meanwhile think about the definition of a line in basic geometry, “A straight line is the shortest distance between any two points on a plane.” the circle and line are both same “Line is shortest distance linked between any two points.” But point itself is circle, increasing, zooming in the point.

Accordingly if it is 5 minute, it obviously seems to be a dish or cup or rounded bottom. If it is weekly chart, it is more likely just a point of weekly candle like this type of candle  

Accordingly our life time is just dayfly time of weekly chart

You may expend the idea into philosophy, late on (things has relatively unequal value from time and place) such as the mutations of morals and manners, the masterpieces of literature, the de­velopment of science, and the achievements of art, and so on. It may be wise; having all value is changeable, in terms of candle chart.

It may be unwise to put rashly and bravely off the judgment for something or anything without zooming in/out as well as the different timeframe chart.

We can approach to here not by Macro view (on large scale) but by micro view, interpreting that dish pattern is integrated by fragment of the entire pattern which you have been study so far. And also we need to be understood that a dish or cup pattern is imperceptible as whole but as part, after sectioning each pattern.

This pattern have provided with useful information not only for approaching to William J. O'Neil “Cup with handle” technical point but also useful information of recognizing that majors is sneakily collecting them with long term plan and strategic.

Meanwhile regarding about volume indicator, it is nature that the volume is gradually increasing on this point , even better if we can achieve the positive divergence from it, whereas the buying point is lowest volume , which means that the major has been successfully accumulate enough to rise up the price for there are no more overhead supply.            

Welding for 3 wedges

Wedge has, somewhat, same nature with dish pattern in term of timeframe view.

We can enjoy for juggling 3 wedges and above dish pattern with dissection and section from the entire shape

We can also similarly weld 3 wedges so as to rebuild Elliott wave with the entire segment of them which we have discoursed.

For example                                                      

Cutting ripples of wave, and considering  that the lowest points as someone sneakily and steadily collecting stocks like dish pattern from those standard of Elliott wave, we can find out same as converted original five fingers as shape of wedge, having no objection against all the trader including major are always trying to ensure maximums the profit from their business. Hence the minimum of their expense is same lowest point of the apex of wedge and of dish.

Convertibly, you can create your own view of Elliott wave and interpret all pattern as shape of wedge even pattern and even you can write a book from this issue.

Hence

If those 14 components as factors are supposed to be jointed or welded by Elliott wave, perhaps by all wedge patterns if you insist on.  

Then the Elliott wave should be, by all accounts, dismembered all the fragments of those 14 components of “traditional trend line” which we are marching for dissecting those Elliott wave.

The entry point is intersected by both wedge of and of      “^” signal 

Not to do losing money from trading is to find out the wedge pattern and reorganize its proper time and proper response with your own interpretation and adaption restlessly with the ideal thought way of your induction and deduction. Perhaps this is all about not to be loser from the battle.    

The 3 wedge are elements of Elliott wave to be destroyed and built repeatedly and Demolished and re construct with the five fingers from 7 pillars of my pattern.  

It is just like childish game, finding out the piece of Puzzle and reconstructs same shape of your hands. Though it is not easy for grow man but Kids are better than you, Untamed by the fear and greedy. We can be one of them, being able to find out those wedges and control fear and greedy.

Perhaps this game is not for you but for the both of Kids and Wiseman.

So 95% traders is crying but lest of them, just 5% is saying “life is beautiful” because only 5% of them have been granted as saying that what is life 

See the No ③ specially inside of circle, long shadow tail and rebounded as black swan since then. You can call it as C wave as well as descending wedge. Can you create the shape of Wedge? If so how many more of wedges can you draw and adorn on the chart?

If you garnish wedge pattern more than 20 shape, so for so good, I think you totally understand what I wanted to say.    

 This is modified by all triangles Pattern. You can use it when the life cycle of stock is processing of collective wave such as 2, 4 and C wave.

You may well interpret it as not only Symmetrical triangle pattern and other of all triangle Patterns such as ascending, deseeding and right angle and the entire triangle should be deformity by Wedge pattern.

We are hunters to catch the lowest price of chart.

According to Dow Jons and Elliott, they tirelessly reported the place where we have be bumming around., we recognize, digesting of them ,that it is synonym; to hunt them is to find out “C” wave.

After another digesting the first digesting one which is what they said, is that it is synonym to find out 3 wedge pattern.

We are apt to invent for some pattern with heroism but “Don't reinvent the wheel” it is all come from Elliott wave. Remember that the dissection of Elliott is the welding of wedge pattern  

What else of the piece of shape do we can expect from such fluctuation, up and down?

The above shapes are typical wedge but it can be mostly deformed. It may be big help for you to play imaginably a juggling for a while with those wedge shape.

You may also deal this box not only with retracement but also with impulse wave such as 2 and 4 waves, you may Use those wedge pattern with a fact, very useful fact, which a rectangle is seldom happening 2 times in life cycle of wave.

This information is almost a savior from chaotic chart for analysis     

Rectangle is never happened two times in life cycle of Elliott wave, but only 1 time.

It can be interchange between 2 and 4 waves, In the process of corrective or retracement as life cycle.

For example if you are dealing with Box in this time, you may expect that next retracement is not box. If you are dealing with wedge, you may expect that next is box. Approaching with this clue to your box target you may achieve a good navigator for Journey Ocean in chaotic waves 

Having 3 bullets as 3 wedges, Good sniper should not waist his bullet for shooting with 3 wedges to bull’s-eyes

Where are bull’s eyes? 

Watch out ⑨ and think about why it is acted as ideal point for entering and think about what the volume is supposed to be if you remember the dish pattern. 

Some peoples say it is butterfly

Can you make a draw of butterfly and why?

You can approach this concept into fractal geometric

This strategic is intersected both by cup with handle and with rebounding point of 

Macro view it can be draw big wedges with thicken deep blue line such as ① ② and ④

See the No④ ~② and also⑤ ~ ③.

To know that place is to find out where are 3 bullets, let us see the No ①, ② and No ③.

Inside of big wedge there are 3 wedge patterns. Please refer to wedge pattern more detail.

It is composite with  

More detail about those wedge pattern, you may well see the Pattern chapter. 

Contrasting between regular and irregular pattern, they are difference.

According to Elliott wave, C wave is same level or no less than bottom of 4 waves

4 waves is same level or no less than bottom of 1 wave

Hence

C wave ≧ 4 wave ≧ C wave.

Affected by the (expression of) inequality about Wave theory, we call it regular. The other way around is irregular pattern

It is oddly enough that such a so many gracious excuse and obscurity has been so many creating the job and saving us from not being unemployed.

Some leaders may fly into a rage like Socrates say,

-“What is it”, and define your terms if you want to do conversation with me, why they are so many exceptional rules and how many times they are differing with circumstance,- thinking whether if we have sufficient enough time for bumming around?”

By all mean!

I make you for sure that it is doubtlessly better known than not know. It will be meaningful enough after combination with other circumstance and with all the facts which consequently I am going to illuminate

The entire players would be confronted with status of “A drowning man will catch at a straw. Catching this Elliott wave, you have caught not a straw but big Styrofoam so as to float enough by yourself for survival game from countless danger of ocean, since there is no absolutely rule but there are absolutely unpredictable game as drunken walking in the stock market. 

Even though if you ask me what kind of character will be matched up this game? Seemingly it will be more useful job for the German than for the French people, heard that stock is total art.   

In one aspect, Germany People will mourn for when Elliott and his theory is dead and science, too. But the French will rejoice, seeing it as spice life when anything can be being formalized by Germany, anymore.

Going further, you will recognize how we are hunting for lowered price with 3 wedges as alteration of C wave 

Critique

As matter of fact in real trading and real battle, I can hardly guarantee you that you are well equipment or properly armed both with the trend line of geological pattern and with conception of resistance & supported lines. Both ball, (7 pillars and 14 patters) been now and then and perhaps forever parasite on one of sufficient condition of our destination; For there are no absolutely rules that those lines must be consisted of beelines and curves, and must be displayed on chart only by straight line, we need to adopt the curve lines as intersection of both ideas of two balls

Hence it would be flexible, probable and  rational  idea  for us to adapt both the curve and straight line  as resistance and supported lines for ensuring high probability since all anlysist presumably have complain and unsatisfied with beeline. Perhaps this is reason why they have to develop the sophisticated detail of trend line as curve such as MA BBS and envelop chart indicator for channel conception.

For sure whenever you see geological patterns for example when you see in bullish phase, one of them; the Symmetrical triangle pattern (1) Ascending triangle pattern (2) Wedge pattern (4) Rectangle pattern (5) and so on, we may take a better stance with higher probability, preparing to sell it, because it is a preordain pattern after ascending wave, convertibly, we may take a better stance to buy it after descending wave.

For example when you see the Rectangle pattern in bluish phase(5 wave) we need to ready for selling it; because it is not only prearrangement wave, deseeding after assenting,  but also it is in common place where are the related  reasons intersected by such as the double top, head and shoulder and negative divergence. It must be conservative strategic to execute after checking the direction. I heard (warren buffet) doing same thing “come down the right side of the fence” not only the Rectangle pattern but also all other pattern as well  

Hence We should not falling in predilection rather should keep eye on those two ball; for 7 pillars and 14 trend lines; for it is not guarantee the lower points but justify and abuse the pretext to be pardon and it does not meaning that one of those sufficient is always waiting for only your eyes, having to be ready at any moment for compensating yours opportunity cost, rather it is required from your discretion especially in which place is happened.  

Anyway both can be integrated by Elliott wave and all those ideas are converged into the conception of Elliott wave as well as the theory of trend. In one aspect, both conception of convergence and divergence, in the game of trading, are key words Even Elliott wave is divergence into the process of Caesarean section 7 pillars and 14 traditional trend lines and convergence into the process of hymen reconstruction surgery as convergence of facts which is contracted by all the reason of theorem with convergence

It  seems to be any process of sentence should be  variably diffused into its all the reason of theorem into  divergence, such as  transforming or dissecting from Elliott wave into wedge pattern, interlink with 7 pillars with diverse reason on every corner of every single concurrent place to be chew. We shall precede those two balls for the convergence into the process of hymen reconstruction surgery into its original shape of Elliott wave.