volt what you think.. it doesn't get much more obvious than this..
check out the history of what happens when the red line goes thru the brown mountain..
good luck..
Chart 2: This is an hourly chart of our Institutional Index. I labeled an LS (Left Shoulder),
Head, and the NEXT Right Shoulder that should transpire if this truly turns out
to be an inverted Head & Shoulders pattern. (Inverted Head & Shoulder patterns
happen at market bottoms before a renewed trend to the upside.)
If this turns out to be an Inverted Head & Shoulders pattern, then we should move
back and retest the lows.
Today's comments: Yesterday's high probability for the Institutional index to
pull back occurred as this model suggested. This is now a retesting process of the previous
lows and the process of working out an Inverted Head & Shoulders formation.
Yesterday, the Up/Down Trending gave a down signal at the open, and the Hybrid
Accelerator went down and confirmed it. This down move will not reverse back up
until we see the Up/Down Trending's maroon mountain chart rise above the red
signal line ... and above the horizontal line for a maintainable up move. This is
a short term hourly model for intra-day and short term shifts.
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volt what you think.. it doesn't get much more obvious than...
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