A Broadening Bottom Or Just A Reach?

I think, I thought, I saw an Inverse Head and Shoulders Bottom and that disappeared, then another and it fell apart. This market has done one thing reliably and that has been to continue to make dinky new lows. Nothing so courageous as to push the VIX into finally taking a stand. Finally I see something that makes sense, really makes sense-FITS! I actually thought about it first, then went looking for it and it was there, perfectly and quite rare as well.

A Broadening Bottom, here's a description from Stocks and Commodities Magazine's website

"The broadening bottom may form less frequently than the top because the pattern reflects a market moved by an emotionally volatile public, perhaps reacting to rumors more than technical or fundamental reasoning. This occurs more often during manic tops found at the end of sustained bull moves rather than at the end of a bear market. "

So we have a perfectly formed right angle broadening bottom on a 60-min chart for the Q's with 5 points of contact, 2 on the top and 3 on the bottom-PERFECT! Now to complete it, we just need a breakout through $46 and we'll have a move most likely to $48. It needs to happen soon though, within a day or two at the most before this patten too falls apart.

3C is looking great on the QID still. It appears that there's no real accumulation whatsoever, just steady sellers.

Enjoy the Video. Also I'm getting a lot of requests for the formulas to create 3C and the MACD Heat Map. I need to make a master copy to send out, but until then I've been answering one email at a time. Please forgive me if I don't get back right away. Remember-You'll need TeleChart or Blocks to create these formulas, they are based on their proprietary indicators.