Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

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10:30 AM EST

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berniel

To: Kirk © who wrote (16372)	7/25/2023 11:24:23 AM
From: #Breeze	1 Recommendation Read Replies (1) of 26673

Kirk, a good friend studied technical analysis with the best traders at the Merc. He would "wrap my knuckles" when I would use the term "inverse head and shoulders". He would correct me and told me to use the term "continuation". I believe the term "inverse" is used is that one can visualize an inverted H&S pattern as oppose to a H&S "top". These "inverted" H&S patterns can occur at bottom of a severe correction or within an uptrend thus the use of a continuation H&S as it means that a breakout would portend a continuation of the prior trend or up or visa versa. Breeze

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