Name of reversal chart pattern?

crimony · Mar 6, 2006

Anyone know the name of the reversal pattern when a stock traces out a low, rises and then retraces about 50% of the rise and then moves higher? Thanks

Ebo · Mar 6, 2006

Maybe be a Fibonacci Retracement?

Batterup · Mar 6, 2006

Sure glad to help.

it is called exactly as you described it.............anything else.............

takenoprisoners · Mar 6, 2006

I don't even know if that is a reversal pattern but what difference does it make what you call it? You trying to find additional info on it or what?

Wallace · Mar 6, 2006

If one were following Elliott Wave theory, what you describe may be Wave 0 to 1 to 2-50% now in W3.

nazzdack · Mar 6, 2006

It could also just be an "A-B-C correction". Be very careful not to get too bullish and mistake the "C" wave for a "3" wave.

crimony · Mar 7, 2006

Quote from takenoprisoners:

I don't even know if that is a reversal pattern but what difference does it make what you call it? You trying to find additional info on it or what?

I'd like to know the name so I can study the attributes. I have temporarily dubbed it a half double bottom.

nkhoi · Mar 7, 2006

Quote from crimony:

Anyone know the name of the reversal pattern when a stock traces out a low, rises and then retraces about 50% of the rise and then moves higher? Thanks

sound like reverse gartley or crab pattern
http://lifegauge.com/trade/index.php?paged=2

look up Scott Carney, Larry Pesavento for more info.

invaliduser · Mar 7, 2006

Quote from nazzdack:

It could also just be an "A-B-C correction". Be very careful not to get too bullish and mistake the "C" wave for a "3" wave.

Is abc different from xyz? How about abcd?

independenceair · Mar 7, 2006

Please allow me....its an ascending triangle.