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

To: #Breeze who wrote (16374)	7/25/2023 1:14:53 PM
From: Kirk ©	Read Replies (3) \| Respond to of 26680

Interesting. I think I see three types of H&S The traditional topping pattern The traditional bottoming pattern, called a "Kilroy Bottom" in my Edwards and Magee TA Bible many, many charting sites and schools also call it an inverted Head and Shoulders pattern. As an engineer, that nomenclature suits me well because it gives a vision of the former topping chart inverted. The continuation pattern I nearly threw something at my TV the other day when CNBC's charting "expert" started drawing what he called head and shoulders reversal patterns that didn't even have solid necklines! Edwards and Magee put a lot of weight in breaking solid necklines with volume. I call my snot rags "Kleenex" which are mostly by that manufacturer, but I have a few packs that are made by others (CVS brand for example) ... Kleenex - Tissue, Kilroy - iH&S... as long as we're clear and consistent, I don't think it is a big deal. BTW, if a traditional H&S bottoming pattern is a continuation, the same could be said of the topping H&S pattern. Maybe because a higher low for the iH&S and a lower high for the H&S some refer to them as continuation patterns, but I believe "continuation" for that pattern is for well past tops and bottoms and more traditional continuations.