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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Justinfo who wrote (68089)1/28/2015 5:39:18 PM
From: Mevis  Read Replies (1) | Respond to of 222262
 
Possibly, there should be more volume at the head.....lets wait until that neckline breaks.



To: Justinfo who wrote (68089)1/28/2015 5:50:19 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 222262
 
Yes, it looks like one, but until the neckline is penetrated, I wouldn't say the pattern is true and complete... you also might want to look at the MACD pattern just below that chart... it's a bit over bought right here... so, it could back down or run right through... I think it could be questionable where it is right now, we'll know better tomorrow...

GZ



To: Justinfo who wrote (68089)1/28/2015 8:43:13 PM
From: robert b furman3 Recommendations

Recommended By
GROUND ZERO™
Hawkmoon
Justinfo

  Read Replies (1) | Respond to of 222262
 
Hi Just,

the definition of a H&S requires higher volume at the left shoulder and the head.

Volume at the head does not fit H&S pattern per Edwards and McGee.

Bob