This is exactly why I like to have hard evidence, price and many indicators give you so much information you can virtually take any view you want and find some chart to back it up, when you have hard evidence and a lot of it all pointing in the same direction, you aren't guessing, you are going with the probabilities and those are still yet to be determined, but as mentioned last night, these H&S tops and bottoms often have slanting neck lines (breakout point), here's another possibility with an upward slanting neckline and where symmetry would occur.
You see how that one would work? Just as well as any of the others, we just need to be patient and pick and choose our battles.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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