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


To: #Breeze who wrote (18212)3/10/2024 8:11:58 PM
From: Kirk ©  Read Replies (1) | Respond to of 26685
 
Thanks, but I don't count that H&S bottom because it broke the neckline after first passing it. Maybe since it was over a long period you can use the "messing around" at the neckline, but I have more luck looking for clean breaks, best with gusto (volume and a price surge).

Fortunately, it made a new neckline at a higher price that I believe is still valid. And the price sure smashed that neckline.

FWIW, I DID take profits at that $57 neckline as many do use it...




To: #Breeze who wrote (18212)3/10/2024 8:33:02 PM
From: Kirk ©  Respond to of 26685
 
What is also interesting is that my original graph has the same H&S target ($57 to $58) using a different neckline.




To: #Breeze who wrote (18212)10/25/2024 9:55:12 AM
From: Kirk ©1 Recommendation

Recommended By
berniel

  Read Replies (1) | Respond to of 26685
 
Good morning, Breeze.

Please run an update on my favorite "Chip Company" as in "Kale Chips"
Message #18212 from #Breeze at 3/10/2024 2:51:03 PM

SFM Wave Count. The breakout for that H&S bottom achieved it objective. Breeze

tradingview.com

I've been playing around with the Andrew's Pitchfork on the hourly 1-yr chart but not sure if any of my attempts are "valid" but they are sure interesting.

I loaded up in the teens and $20s and have just been taking profits as it doesn't seem to care about multiple gaps left in the dust on the way up.

For example: