is a major reversal pattern and it is similarly indicated in while showing a complete wave cycle where impulsive and correctives waves are added.
1. Left Shoulder of pattern is compared to Wave 3 of EW
2. Head of is compared with Wave 5 of EW
3. Left Shoulder is compared as Wave B of corrective
4. Target of is indicated as a completion of Correction in Theory
This make easier to indicate patterns and provide extra confirmation with other technical patterns. This makes our convinction strong and also make us confident to take informed decisions in the markets.
I would appreciate your views on the above sharing,
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