Posted by frtaylor on 28th of Sep 2023 at 11:19 pm
Matt or Steve, would you pls comment on the pattern that I see
on HYG: "M" topping pattern, with July 13 and Sept 1 being
the left and right shoulders of the "M." Is it not true that once
the middle dip of the M is breached, you shouldn't see price go
back above it, or much above it? If so, and if the pattern plays
out, price should drop pretty quickly here, maybe after testing and
failing at the 9ema - ?
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Matt or Steve, would you
Posted by frtaylor on 28th of Sep 2023 at 11:19 pm
Matt or Steve, would you pls comment on the pattern that I see on HYG: "M" topping pattern, with July 13 and Sept 1 being the left and right shoulders of the "M." Is it not true that once the middle dip of the M is breached, you shouldn't see price go back above it, or much above it? If so, and if the pattern plays out, price should drop pretty quickly here, maybe after testing and failing at the 9ema - ?