wednesday wetrace, page-5

  1. 3,731 Posts.
    bmac10, I am glad you have bring this up.

    I slight disagree with you about the double top. It more like reverse head and shoulder with break out on the neckline.

    If it reverses down to the bottom neckline., it might going to form triple-top, or quad-top.

    Well, if it is a reverse head and shoulder pattern, there is a little extra to the bear's comfort. False break up.

    If it is turn down in coming days to form a false break up, to the bull's comfort, there is possibility of re-testing the support on the neckline...

    It goes on, and on.... Depends on what is in your mind first. Bears or bulls can see it all happening to their plan.

    Very interesting charts. More reading, less decision.
 
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