Bullish RSI BAMM: Bullish Butterfly, Bullish BAT

PATTERN COMPLETION IN 1.13–1.618 RSI BAMM AREA

It is important to remember that the line drawn across the chart from the low point of the RSI BAMM Trigger Bar acts as a minimum support line for the entire setup. Although the two price levels of the 1.13 and the 1.618 define the entire area for the RSI BAMM, the pattern that is completing within these constraints is the defining price range for the execution of a trade.

The most important consideration involves the 1.13 and 1.618 RSI BAMM extensions to define which pattern is utilized at the Completion Point. If the 1.13 extension is triggered, there are several possibilities that may develop depending upon the price structure at the Completion Point. The most common and most effective pattern to define reversal points beyond the 1.13 extension is the Bullish Butterfly pattern. Although an Alternate Bat pattern is typically found completing exactly at the 1.13 extension and serves to define many excellent setups, there are other situations where a Bullish Gartley or a Bullish Bat develops to define the completion of the setup and execution of the trade. Regardless of the type, the completion of the pattern in relation to the RSI retest is the determining technical event that defines this situation.

The impulsive RSI retest must coordinate with the completion of the harmonic pattern at hand to validate the reversal. The completion of the pattern is the most important consideration in this zone, as long as the impulse RSI test has held above the prior reading’s low. Although waiting for the RSI to test the overbought area may delay executions, it serves as an effective filter in the completion area of a pattern. Furthermore, this coordination represents the final point where the divergence of the RSI has completed and the price structure indicates the end of the trend.

BULLISH BUTTERFLY AT 1.13 RSI BAMM CONFIRMATION POINT

In most cases, the Bullish Butterfly pattern forms at the 1.13 RSI BAMM Confirmation Point, as illustrated in Figure 6.19. Since the Bullish Butterfly employs a 1.27 XA extension, the completion of the pattern is going to be slightly below the 1.13 RSI BAMM Confirmation Point.

FIGURE 6.19

Again, the coordination of the RSI BAMM Confirmation Bar with the completion of the harmonic pattern is the special technical situation that makes this Bullish Butterfly more critical than most price structures. Essentially, the Confirmation Point represents the defining area where the overall trend bias has changed and the price is in the final stages of a complete turnaround.

CHEVRON-TEXACO (CVX): DAILY

BULLISH BUTTERFLY AT BULLISH RSI BAMM CONFIRMATION POINT

As illustrated in the chart in Figure 6.20 of the Bullish Butterfly pattern in our Chevron-Texaco example, the stock possessed an ideal RSI BAMM setup. The completion of the pattern coincided with the RSI BAMM confirmation. As the price declined and formed the pattern structure, the secondary impulsive RSI test at the Confirmation Point reversed above the prior complex formation.

FIGURE 6.20

This is a fantastic example because the Bullish Butterfly pattern was such a distinct structure. The completion of the pattern marked a critical low on the daily chart, and the price action stabilized after completely testing the PRZ. The reversal turned at the completion of the pattern and the RSI BAMM, and started to rally shortly thereafter.

CHEVRON-TEXACO (CVX): DAILY

BULLISH BUTTERFLY

The chart in Figure 6.21 of the Bullish Butterfly in Chevron-Texaco shows the distinct pattern that completed at the Confirmation Point (noted by the arrow). The stock reversed after completely testing the pattern’s PRZ and the RSI BAMM Confirmation Point.

FIGURE 6.21

Although the 1.27 extension of the Butterfly pattern completed slightly below the RSI BAMM Confirmation Point, both methods identified a tight area just above $60 on the daily chart for Chevron-Texaco as a major reversal point.

CHEVRON-TEXACO (CVX): DAILY

BULLISH BUTTERFLY POTENTIAL REVERSAL ZONE (PRZ) AT RSI BAMM CONFIRMATION POINT

The coordination of the pattern’s completion and the RSI BAMM Confirmation Point can be seen even more clearly on this chart of the PRZ (see Figure 6.22). The price action stabilized after testing this area and reversed precisely at the completion of both the pattern and the RSI BAMM setup.

FIGURE 6.22

This example of Chevron-Texaco clearly shows how the technical phenomenon of the RSI and price divergence comes together at a critical point of the pattern’s PRZ. The Bullish Butterfly in this example was distinct and possessed three numbers in a tight range. The ability of the stock to stabilize after testing the RSI BAMM 1.13 extension and the pattern’s PRZ is the ideal type of price action in most valid reversals.

INTERMEDIATE RSI BAMM TRIGGER BAR SIGNALS 1.13 EXTENSION

The Bullish Butterfly is not the only harmonic pattern that forms at the 1.13 RSI BAMM Confirmation Point. In fact, the Alternate Bullish Bat is the most common harmonic pattern that reverses precisely at the 1.13 extension (see Figure 6.23). It’s important to note that the execution of a trade from an Alternate Bat is slightly different from the standard version of the pattern. This is primarily due to the fact that the Alternate Bat’s XA extension is a bit longer because of the slightly varied structure.

FIGURE 6.24

As is the case with all harmonic patterns at the RSI BAMM Confirmation Point, the coordination of the PRZ and the final impulsive indicator retest is the technical event that defines most valid reversals. In the Alternate Bat, the completion of the RSI BAMM and the ultimate execution of the trade will focus almost exclusively on the 1.13 extension at the Confirmation Point.

STANDARD AND POOR’S JUNE 2009 MINI-CONTRACT (ES_M9): 5-MINUTE

ALTERNATE BULLISH BAT WITH BULLISH RSI BAMM

The example in Figure 6.24 shows the entire Bullish RSI BAMM setup that incorporates a Alternate Bullish Bat at the Confirmation Point. Again, the trade execution at the completion of the Alternate Bullish Bat will be dictated by the price action at the 1.13 extension.

FIGURE 6.24

In this example, the June 2009 S&P 500 mini-contract developed a fantastic RSI BAMM that formed a distinct Alternate Bullish Bat at the RSI BAMM Confirmation Point. The price action formed all of the required elements to validate the setup.

STANDARD AND POOR’S JUNE 2009 MINI-CONTRACT (ES_M9): 5-MINUTE

ALTERNATE BULLISH BAT WITH BULLISH RSI BAMM

The pattern shown on the enlarged chart in Figure 6.25 was distinct and completed in conjunction with the RSI BAMM. In fact, the price action reversed exactly at the 1.13 extension.

FIGURE 6.25

This example possessed all of the ideal elements of a valid RSI BAMM. The RSI formation was nearly perfect, the pattern was distinct, and the price action reversed precisely in this projected completion area.

PATTERN COMPLETION BEFORE 1.13 RSI BAMM EXTENSION: BULLISH BAT

Although the 1.13 RSI BAMM extension is a critical technical level in the completion of the setup, especially in the Alternate Bullish Bat, other retracement patterns such as the Bat and the Gartley frequently develop during this final phase. The dilemma arises when these retracement patterns complete simultaneously, as they successfully retest the oversold RSI 30 level triggering a valid buy signal (see Figure 6.26).

FIGURE 6.26

In this situation, the completion of the harmonic pattern takes precedence over the requirement of testing the 1.13 RSI BAMM extension. Although the minimum support of the low point of the RSI BAMM Trigger Bar (dotted line) offers another technical level in retracement pattern situations such as these, the price action must be distinct and reverse after testing the PRZ to validate the best trading opportunities. Furthermore, the pattern completion must coincide with a successful impulsive RSI retest. Although the 1.13 RSI BAMM extension exception makes room for retracement patterns, the coordination of the RSI and the PRZ still employs the powerful confirmation of multiple technical methods to provide greater confirmation of a valid reversal and a profitable move.

PHILADELPHIA SEMICONDUCTOR INDEX ($SOX): BULLISH BAT

On this 5-minute chart shown in Figure 6.27, the Philadelphia Semiconductor Index ($SOX) formed a distinct the Bullish Bat that possessed ideal RSI BAMM conditions. As the $SOX entered the final phase of the RSI BAMM Confirmation Point, the price action tested the PRZ and completed the successful impulsive indicator retest.

FIGURE 6.27

Clearly, the stock stabilized at the completion of the pattern, and the RSI was able to reverse quickly thereafter. In these cases, the impulsive RSI test will frequently be a leading signal at the completion of the pattern to indicate a valid reversal.

PHILADELPHIA SEMICONDUCTOR INDEX ($SOX): 5-MINUTE BULLISH BAT POTENTIAL REVERSAL ZONE AT RSI BAMM CONFIRMATION POINT

This close-up snapshot of the PRZ and the RSI BAMM Confirmation Point in Figure 6.28 distinctly shows how the price action stabilized after completing the pattern and reversing from the impulsive indicator retest.

FIGURE 6.28

Although the 1.13 RSI BAMM extension was only a few points lower, the price action stabilized in the PRZ. This example of the $SOX clearly demonstrates the importance of focusing on the harmonic numbers after the impulsive RSI test has completed. The true advantage of this technique occurs best when the trade is executed after both conditions of the pattern completion and the RSI BAMM are satisfied.

PATTERN COMPLETION BEFORE 1.13–1.618 RSI BAMM AREA: BULLISH GARTLEY

In the case of the Bullish Gartley, illustrated in Figure 6.29, the structure of the pattern is extremely important. Although the PRZ is typically well above the minimum 1.13 RSI BAMM extension, this situation still relies on coordinating the completion of the pattern with the final impulsive RSI retest.

FIGURE 6.29

Although the Trigger Bar low point support (dotted line) complements this area, the coordination of these two technical events is critical in validating the best trade opportunities.

IBM (IBM): WEEKLY

BULLISH GARTLEY AT RSI BAMM CONFIRMATION POINT

The fantastic Gartley pattern in IBM shown in Figure 6.30 was distinct with a precise PRZ. In addition, the RSI BAMM conditions were ideal on this weekly chart to validate the setup, as the Confirmation Point reversed in tandem with the completion of the pattern.

FIGURE 6.30

It is important to note that the RSI BAMM structure of both the complex and the impulsive indicator readings were exemplary. Although retracement patterns like the Bullish Gartley may be difficult to execute, the conditions of the RSI BAMM can indicate the validity of the opportunity. IBM exhibited all of the essential requirements necessary to establish the RSI BAMM setup. In combination with a distinct Bullish Gartley, this was an ideal combination of both approaches that defined a critical turning point in the price action.

IBM (IBM): WEEKLY

BULLISH GARTLEY POTENTIAL REVERSAL ZONE (PRZ) AT RSI BAMM CONFIRMATION POINT

The coordination of these approaches can be seen even more clearly on the enlarged chart of the PRZ at the RSI BAMM Completion Point shown in Figure 6.31.

FIGURE 6.31

Retracement patterns like the Bullish Gartley can be more difficult to execute. However, the coordination of both approaches serves to filter the best opportunities and to optimize trading decisions.

BULLISH 5-0 PATTERN COMPLETION AT RSI BAMM CONFIRMATION POINT

The Bullish 5-0 is probably the most difficult pattern to incorporate with the RSI BAMM. This is due simply to the fact that the completion of the pattern occurs nowhere near the minimum 1.13 RSI BAMM extension (see Figure 6.32). As is the case with all harmonic patterns in the RSI BAMM setup, coordination of both approaches is still the key.

FIGURE 6.32

As is the case of the Bullish Gartley, the 5-0 pattern requires a distinct structure that must complete in tandem with the RSI BAMM Confirmation Point. It is important to focus on the completion of the impulsive RSI retest, as this will typically be a significant signal within the PRZ of the pattern.

BRITISH POUND (GBP_A0-FX): 5-MINUTE

BULLISH 5-0 AT RSI BAMM CONFIRMATION POINT

The Pound formed a Bullish 5-0 pattern on this intra-day chart that completed at the Confirmation Point of a distinct RSI BAMM (see Figure 6.33). Although the 5-0 pattern may have seemed of little consequence after the price action declined sharply into the PRZ, the completion of the RSI BAMM Confirmation Point pinpointed the support and marked a critical short-term low.

FIGURE 6.33

BRITISH POUND (GBP_A0-FX): 5-MINUTE BULLISH 5-0 POTENTIAL REVERSAL ZONE (PRZ) AT RSI BAMM CONFIRMATION POINT

The chart of the PRZ of the 5-0 pattern in Figure 6.34 shows how the price action stabilized and reversed immediately after testing the RSI BAMM Confirmation Point. The impulsive RSI retest was the ultimate trigger, as the price action rallied sharply after the indicator bounced from the 30 level.

FIGURE 6.34

When incorporating the 1.13 RSI BAMM extension with harmonic pattern completions, the key to successful trade executions is coordinating these two technical events to optimize trading decisions and to filter the best opportunities. In the example of the Pound, the price action provided early clues of a valid reversal as the price action held immediately after testing the entire PRZ. After covering all possible patterns that involve the 1.13 RSI BAMM Confirmation Point, it’s now time to cover all possible patterns within the context of the 1.618 extension.

1.618 EXTENSION AT RSI BAMM CONFIRMATION POINT

In the Bullish RSI BAMM, the general rule for the Confirmation Point extension must focus on the location of the Trigger Bar, as it relates to the extreme prior low (see Figure 6.35). If the Bullish RSI BAMM Trigger Bar IS the extreme low, the 1.618 extension is utilized to quantify the Confirmation Point and the execution area for the trade.

FIGURE 6.35

Although other factors will be considered, the importance of the extreme low to signal a 1.618 RSI BAMM extension helps to define the ultimate execution point for the trade. Two patterns—the Bullish Crab and the Deep Bullish Crab—utilize the 1.618 extension. Regardless of which Crab defines the PRZ, the crucial technical event occurs when the price action tests this area at the same time it completes the RSI BAMM Confirmation Bar.

EXTREME RSI BAMM TRIGGER BAR SIGNALS A 1.618 EXTENSION: BULLISH CRAB

When the RSI BAMM Trigger Bar is the extreme low, the corresponding retest and the Confirmation Point will occur at the 1.618 extension (see Figure 6.36). In combination with a distinct bullish pattern such as the Crab, the 1.618 projection represents an immensely critical harmonic support point.

FIGURE 6.36

Although these situations can be difficult to distinguish, distinct pattern formations in the final phase of the RSI BAMM provide significant indication of the validity of the opportunity and act as a confirmation signal for the setup. Due to the extended nature of the 1.618 extension, the Bullish Crab will frequently possess volatile price action that can reverse sharply after testing the entire PRZ.

COCA-COLA (KO): DAILY

BULLISH CRAB AT RSI BAMM COMPLETION POINT

In the example in Figure 6.37, Coca-Cola formed a distinct Bullish Crab that possessed an ideal RSI BAMM setup. The pattern started to form after the complex RSI structure was completed. After the initial bounce and retest to the RSI midpoint 50 level, the stock consolidated and eventually declined lower while forming a distinct pattern.

FIGUE 6.37

Although the RSI Confirmation Point experienced a deeper retest than is typical, the impulsive reading did not exceed the lowest point of the complex indicator formation. Furthermore, the PRZ accurately defined the precise area that comprised less than a 1-point range for the execution of the long position.

COCA-COLA (KO): DAILY

BULLISH CRAB POTENTIAL REVERSAL ZONE (PRZ) AT RSI BAMM COMPLETION POINT

The enlarged chart in Figure 6.38 of the PRZ at the RSI BAMM Confirmation Point shows an ideal situation where the completion of the pattern and the impulsive indicator retest combined to mark a critical turning point on this daily chart.

FIGUE 6.38

It is important to note that the stock did not reverse until the entire PRZ of the Bullish Crab was tested. Again, this is where the coordination of the RSI BAMM Confirmation Point at the completion of the pattern is tremendously advantageous in optimizing trade decisions and in defining the best area to execute the trade. In the case of Coke, the 1.618 extension required a few more weeks until the execution signal was triggered.

DEEP BULLISH CRAB AT RSI BAMM COMPLETION POINT

In the same manner as the Bullish Crab, the Deep Bullish Crab employs a 1.618 extension at the RSI BAMM Confirmation Point (see Figure 6.39). Again, the RSI BAMM Trigger Bar must be the extreme low of the pattern.

FIGUE 6.39

In my opinion, the Bullish Crab is the most prevalent pattern that forms with the 1.618 RSI BAMM Confirmation Point. Although many Deep Bullish Crabs present excellent opportunities, they don’t seem to materialize as frequently as the regular version.

JAPANESE YEN (JPY_A0-FX): 60-MINUTE

DEEP BULLISH CRAB AT RSI BAMM CONFIRMATION POINT

The 60-minute chart of the Yen in Figure 6.40 shows an excellent intra-day RSI BAMM setup. When applying the RSI BAMM to intra-day trading situations, the 15-minute or 60-minute intervals seem to produce the best results, but it is important to remember that these are still short-term day trades.

FIGUE 6.40

Although RSI BAMM setups that materialize on daily and weekly charts usually possess more significant reversal zones, these typically take longer to complete. But I thought it was important to show an example of a day trading situation.

JAPANESE YEN (JPY_A0-FX): 60-MINUTE

DEEP BULLISH CRAB POTENTIAL REVERSAL ZONE (PRZ) AT RSI BAMM CONFIRMATION POINT

In the Yen example shown in Figure 6.41, the stock formed a Deep Bullish Crab that reversed exactly at the 1.618 extension. The completion of the pattern occurred simultaneously with the RSI BAMM Confirmation Point.

FIGUE 6.41

It is important to note that the coordination between the RSI BAMM Confirmation Point and the pattern’s completion should occur closer to each other in shorter-term day trading type situations. Although longer-term setups such as a 60-minute or a daily opportunity may require more time for the entire scenario to complete, 1-minute and 3-minute opportunities should exhibit more precise price action and reverse closer in proximity to each other. In essence, short-term trading situations require stricter application of the rules and allow less room for variation.

RSI BAMM CONFIRMATION POINT—REVERSAL ACCELERATION TRIGGER

There is an additional technical trigger that serves as secondary confirmation of a valid reversal. Although this final trigger does not develop in every situation, when this additional structural formation develops in the RSI reading at the final test of the Confirmation Point, it typically represents an area of acceleration of the reversal.

BULLISH CONFIRMATION POINT—REVERSAL ACCELERATION TRIGGER

The most important aspect of the RSI BAMM Confirmation Point is that both the indicator structure and the price action must demonstrate a decisive continuation of the reversal trend (see Figure 6.42). In many cases following the completion of the RSI BAMM Confirmation Point, the indicator structure will form a specific W-type formation above the oversold 30 level. This structure serves as a technical acceleration point that frequently marks the beginning of a decisive new price move.

FIGUE 6.42

This magnified illustration of the RSI BAMM Confirmation Point clearly shows the ideal indicator structure that serves as a penultimate technical level for the entire setup. It is important to note that the Acceleration Trigger of the additional RSI structure is an immediate signal for the reversal. Sometimes, the initial pullback following a reversal from the RSI BAMM Confirmation Point may only be one or two price bars after the indicator structure rallies back above the 30 level. Despite the pause in the price action, the internal dynamics of the RSI typically gain strength at this point and signal a quick acceleration of the new trend.

Although waiting for this extra RSI signal to execute a trade may result in paying a slightly higher price, the Acceleration Trigger does provide a reliable sign of a valid reversal at hand. Furthermore, waiting for this breakout trigger prevents executions at invalid RSI BAMM Confirmation Points, where the impulsive test at the 30 level flounders and does not provide decisive reversal continuation. In these cases, it is important to act appropriately and to exit the trade at a small loss or break even due to the fact that the price action languishes after completing the RSI BAMM Acceleration Trigger. Essentially, the price action should move quickly and decidedly after the final acceleration is triggered. The price bar that completes the breakout of the W-type structure above the oversold 30 level in the RSI indicator reading will typically mark the acceleration point of the new reversal trend.

When this last trigger materializes, it definitely creates a “do-or-die” situation. After satisfying all conditions of the RSI BAMM and successfully reversing from the impulse test at the Confirmation Point, this last little caveat of the indicator reading possesses powerful price action implications. In fact, this last confirmation trigger within the final phase of the RSI BAMM represents the most precise technical setup within the entire Harmonic Trading approach. In no other technical situation of this entire methodology does the “do-or-die” scenario dictate an immediate reaction in the price action. Hence, the Acceleration Trigger represents the realization of a gamut of technical conditions to generate a valid trade signal.

The combination of these measurement techniques of harmonic patterns and the ability of the RSI BAMM to define divergent areas of price action represent the most complex system of technical conditions within the Harmonic Trading approach.

The final phase of the RSI BAMM represents a powerful technical measuring technique in its own right (see Figure 6.43). When harmonic patterns converge at the Confirmation Point of the RSI BAMM, the technical information garnered from this approach serves as an immensely accurate consensus reading to validate the setup.

FIGUE 6.43

IBM (IBM): WEEKLY BULLISH GARTLEY POTENTIAL REVERSAL ZONE (PRZ) AT RSI BAMM CONFIRMATION POINT WITH ACCELERATION TRIGGER

Referring back to the example of IBM, the stock rallied after testing the entire PRZ at the RSI BAMM Completion Point. The second arrow from the left points to the price bar that marked the acceleration point in the reversal (see Figure 6.44).

FIGUE 6.44

The interesting aspect of this situation is that the Acceleration Point signaled a valid long position while the stock was still trading within its PRZ. In this case, the additional confirmation of the Acceleration Point triggered the trade before the reversal began in earnest. Although waiting for the Acceleration Point to develop may result in delayed trade executions, these are very effective signals in most valid reversals.

BULLISH RSI BAMM VIOLATIONS AND STOP LOSS CONSIDERATIONS

After defining the entire range of the RSI BAMM Confirmation Point extension and harmonic pattern completion points, the only consideration beyond the execution is the stop loss limit. Again, the stop loss determination will also include the price levels that are defined by the larger harmonic patterns included in the trading setup. However, from a pure RSI BAMM perspective, the key validation truly occurs beyond the Completion Point extension. The stop loss is typically a combination of the price limit established by the RSI BAMM extension and the specific pattern completion that occurs in the same area as the Confirmation Point.

RSI BAMM violations involve two factors that determine the validity of the setup. First, the RSI BAMM extension—whether it is a 1.13 or a 1.618—is the primary technical level that dictates the validity of the setup. Although it is important to differentiate between whether the RSI BAMM utilizes a 1.13 or a 1.618 extension, the validation of the technical phenomenon becomes questionable beyond the 2.00 extension of the final move for either situation. But, the price action at the RSI BAMM extension at the Completion Point should be quite precise, as valid reversals usually do not exceed these areas by much. As a general rule, the 1.13 extension typically employs the area beyond the 1.618 to define its stop loss zone. In comparison, those situations that trigger a 1.618 extension will typically define the area beyond the 2.0 as a violation of the setup.

As is the case for harmonic pattern failures, price action that violates these price levels, especially on the first test, should raise a red flag that the primary trend is quite strong. Most important, the area defined by the RSI BAMM is truly a “do or die” price level that does not leave much room for discretion. I discussed pattern violations thoroughly in Harmonic Trading: Volume One. Although I will not review those strategies in detail in this book, the essence of pattern violations is usually witnessed after the price action has tested the entire PRZ.

The tandem violation of the relative RSI BAMM extension and the pattern’s PRZ is a definite signal that the setup has failed. However, there are many instances where violations will offer warnings in the form of strong price action that provide early signs of an impending failure at hand. In many cases, the price action will violate a bullish PRZ that is in the upper range of the entire harmonic support area, signaling the violation even before the RSI BAMM extension is tested. Again, the preferred situation in most violations is price action that declines sharply through the combined harmonic area of both the relative RSI BAMM extension and the pattern’s PRZ.

STANDARD & POOR’S 500 MARCH 2010 MINI-CONTRACT (ES_H0): 15-MINUTE
BULLISH CRAB AND BULLISH RSI BAMM FAILURE

The Standard & Poor’s 500 March 2010 Mini-Contract formed this distinct RSI BAMM on the 15-minute chart (see Figure 6.45). The RSI BAMM Trigger Bar was the initial low, which established a projected 1.618 extension at the Confirmation Point.

FIGUE 6.45

Although the RSI structure was exemplary, the price action failed to stabilize at this harmonic support. The breakdown in this area was overwhelming and the distinct Bullish Crab reinforced the importance of the 1.618 extension as the defining level in this setup.

STANDARD & POOR’S 500 MARCH 2010 MINI-CONTRACT (ES_H0): 15-MINUTE
BULLISH CRAB AND BULLISH RSI BAMM FAILURE

The enlarged chart in Figure 6.46 clearly shows the violation of the pattern’s PRZ and the RSI BAMM extension. The price action hit all the numbers on the initial test of the PRZ but quickly continued lower, sinking below the 1.618 extension.

FIGUE 6.46

The intra-day price action clearly violated the pattern’s PRZ. This should have served as a severe warning sign well before the 1.618 RSI BAMM extension was violated. This example clearly demonstrated a failed RSI BAMM setup. The critical aspect, as is the case with most violations, is the inability of the price action to stabilize on the secondary test of the indicator at the completion point of the pattern despite a clear prior complex RSI structure.