It is a YC market reversal bullish pattern comparable to an imaginary right triangle. It is made up of two sides that meet at a 90 degree angle, linked by a hypotenuse.

• Horizontal Line (Long side): Connects two or more roughly equivalent market highs (Line 1, Picture A).
• Vertical Line (Short side): Extends from the horizontal to the lowest point below it (Line 2, Picture A).
• Hypotenuse: Connects descending market lows, reflecting bounces below the horizontal (Line 3, Picture A).

Wait for at least two valid bounces and a clean structure before planning entry.

• Requires at least two, ideally three, bounces with descending lows under the horizontal line (Picture B).
• Preferably, the down-move should have more or equal bars than the up-move, indicating slower descent than ascent.

A bullish setup is confirmed after breakout and controlled retest near the key level. Place stop loss below invalidation.

• The pattern is confirmed after a breakout above the horizontal and a subsequent retracement close to that level.
• A stop loss should be set just below the last bounce low or within a trader-defined percentage.

Historical cases show meaningful upside when confirmation and risk management are respected.