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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (13234)3/5/2022 2:03:21 AM
From: Kirk ©1 Recommendation

Recommended By
da_spot

  Respond to of 26800
 
Replacing this "wishful thinking" chart with a more interesting chart....

I don't recall seeing two iH&S necklines merging into one like this... maybe because the second isn't "official" meaning predictive until the second shoulder forms... but if it forms, the two necklines almost make a constant downtrend line. Fascinating!

Good news is both H&S tops with red necklines have already met their minimum targets so they are "complete" thus mixed with the sentiment charts and "Dow Oscillator" charts I'll post on my blog this weekend, things are looking bullish... the question for me is will it be enough to get over the dashed green line and make a bullish iH&S or does the sentiment "bottom" just give enough juice to make another bull trap then failure of the pattern...