Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (6458)	2/17/2023 7:28:09 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 10691

The flaw on your head and shoulder pattern identification is the volume is not accelerating on the decline on the right shoulder in your chart. I believe that is the formal definition of the pattern. Keep in mind I do not trade these types of patterns. They are too subjective and many people making the calls do not pay attention the corresponding volume. I am not saying oil is not testing support and prone to a break of support. I am just saying it is not a head and shoulder pattern so your price target may be wrong - ie the height of the head.