Appears we may have a break in all three ,of the prevailing price patterns mentioned...........
The inverted head and shoulders was best displayed on the Point and figure Chart we put up some time ago....you may recall it is price only and eliminated time Chatter.....
this is what it looks like today....Inverted Hand S Link......The Target equals the vertical head height above the neckline.....In this case a conservative .125 c It coincides with Fibs and previous support levels...
The next is the three inside Candlestick pattern
what happened with this rare Inside Candle Pattern was ,It actually extended by one more inside day (because of end of year ) It may have actually strengthened the breakout tension of the three inside break
Inside candle breakouts
Finally the simplest of all...The rising pennant
pennant target
All theory
Tight stops.....cheers
Don't be to critical of what you may also see as obvious.......
These are price patterns observations only, out of TA interest
Standard momentum/volatility and trendline breaks ..do appear like gonads...
PS No Religious Fundamentalist extremists have persuaded these observations.....You can TRUST me .....lol
chart, page-27
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