What's this pattern called?

AlexH149

New member
Dec 12, 2017
3
0
1
#1
Hi.

I was wondering if someone could tell me what this pattern's called please? I don't know if it has a name but I've just spotted it.

Thanks

Alex.

 

dbphoenix

Well-known member
Aug 24, 2003
6,908
1,152
223
#2
Hi.

I was wondering if someone could tell me what this pattern's called please? I don't know if it has a name but I've just spotted it.

Thanks

Alex.
It's called a "horn". But you should have a lower line beginning just to the left of where your indicators cross, extending to the lowest red bar thereafter.

Db
 

AlexH149

New member
Dec 12, 2017
3
0
1
#3
It's called a "horn". But you should have a lower line beginning just to the left of where your indicators cross, extending to the lowest red bar thereafter.

Db
Hi mate.

Thanks a lot for your reply I really appreciate the help. When you say lower line do you mean the yellow line should be lower? For reference, the yellow line was drawn on the daily chart so it extends out from a previous daily swing low.

Thanks again

Alex.