Hi all, mentioned earlier I do not have time to post a chart (and i don't) but examining thread last night I just couldn't resist adding my "2 bobs" worth on QBE. My pf's align with others presented here but looking at it a H&S pattern hit me that I had not previously noticed.
IMO it has just completed a classic H&S reversal as shown on chart below.
I am no H&S expert but have noticed that when they form & comply with rules re vol etc they very often complete the move. Now that it is "complete" I am not sure of what the theory sais re likelihood of reversal ie uptrend... but imo it at least now has one less TA factor driving it lower! (Any other thoughts on this?)
PS 1 I Love the way price has honoured the the 17.51 projection. PS2 apologies if this is repeating anyone elses observations as I have not had net access for a cuppla months ... great to be back)
