The Monarch Pattern is formed when eWave freshly crosses Zero Line and then prints the darker bars without going too high. It often forms after a Setup 1 breakout and produces Setup 2. We take Seed and cherries inside the box when monarch pattern is formed on eWave.
"The monarch pattern is the light in the darkest pits" Monarch pattern shows hidden 1-2's that often get us in the next wave 3 or wave 5.
As it shows a hidden 1-2 and can often get you out of choppy periods into a nice 3. but we don't need to do that. We can wait for it to breakout and then trade anotehr monarch. Some monarchs form inside a range and others form by breaking out and then retesting the range high and low. those are the ones we are after.
Its the bread and butter setup within the Apple Seed and Cherries strategy
more on thsi later
But right now I just wanted to show this.
A Monarch shows a possible 1-2 that might take us into the next 3
But a monarch against purple after 3, shows ab and may take us into a possible C.
A monarch after a completed wave 1-5 may show a counter trend reversal 1-2. that might take us either into a 3 three or a larger degree C. Both can be profitable.
The Monarch
