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


To: #Breeze who wrote (16394)7/26/2023 12:28:59 PM
From: Kirk ©  Respond to of 26755
 
Oh, I like that better than mine as your steeper flag has been tested from above just before the breakout!

I'll change my chart and add this new feature:

Another massive iH&S saying "Kilroy was here" has also just formed.

I used "Tang Color" since it was 50 years ago it was used to fuel astronauts to the moon...
.
Back when I had the Suite101 investing group, I'd call these "compound iH&S patterns" where they seem to stack up as the markets like to reverse massive declines in a symmetrical fashion, reflecting points where people bought falling knives too early then get out even. I'll often use these in helping pick profit taking points if I can catch bottoms.