I know that H&S is usually seen as a trend-ending , rather
than a continuation pattern, but this does seem to have a
nice symmetry to it. Comments would be greatly appreciated.
isplat -seems realistic to me. I will be watching to see if the
push down morphs into a wedge and/or produces some positive
divergence. Overall, the price action continues to remain contained
within the declining price channel.
SPX 30 H&S ?
Posted by isplat on 19th of Dec 2011 at 03:01 pm
I know that H&S is usually seen as a trend-ending , rather than a continuation pattern, but this does seem to have a nice symmetry to it. Comments would be greatly appreciated.
isplat -seems realistic to me.
Posted by steve on 19th of Dec 2011 at 03:05 pm
isplat -seems realistic to me. I will be watching to see if the push down morphs into a wedge and/or produces some positive divergence. Overall, the price action continues to remain contained within the declining price channel.
thanks Steve. Damn, got sidetracked
Posted by isplat on 19th of Dec 2011 at 03:15 pm
thanks Steve. Damn, got sidetracked and missed the breakdown!