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

To: Kirk © who wrote (16372)	7/25/2023 10:21:45 AM
From: Kirk ©	2 Recommendations Recommended By berniel Return to Sender Read Replies (1) \| Respond to of 26669

More on iH&S pattern from the charting site I've paid good money to for years: school.stockcharts.com The Head and Shoulders Bottom, sometimes referred to as an Inverse Head and Shoulders, is a reversal pattern that shares many common characteristics with the Head and Shoulders Top, but relies more heavily on volume patterns for confirmation. Head and Shoulder Bottoms are one of the most common and reliable reversal formations. It is important to remember that they occur after a downtrend and usually mark a major trend reversal when complete. While it is preferable that the left and right shoulders be symmetrical, it is not an absolute requirement. Shoulders can be different widths as well as different heights. Keep in mind that technical analysis is more an art than a science. If you are looking for the perfect pattern, it may be a long time coming.

To: Kirk © who wrote (16372)	7/25/2023 11:24:23 AM
From: #Breeze	1 Recommendation Recommended By berniel Read Replies (1) \| Respond to of 26669

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