ADN 6.25% 1.7¢ andromeda metals limited

ADN CHART, page-4620

  1. YLJ
    819 Posts.
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    https://hotcopper.com.au/data/attachments/3115/3115688-06b9841fb74fcecb6cc613a2794493fb.jpg
    Hmmm....
    As the thick Red line indicates, the top of the "right shoulder" overlaps the left shoulder (which
    itself is quite small) by a decent margin... If that were not the case it would be invalidated...
    Its form was also an indication of extreme bearishness... It is far from the "prettiest" H&S around,
    but that was not my reason for calling it "not perfect"... That was owing to the fact that a decent
    portion of it is within the range of the recent price action (Symmetrical Triangle) action, unlike the
    typical H&S Top. If that would have been your criticism, I would have been impressed...
    One of the most important validations of a pattern is the volume and in that was it
    was more than perfect...
 
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