Not financial advice. Not an expert. Here to learn.
Would appreciate hearing from knowledgeable folks about whether or not this chart/idea has any legitimacy.
Would appreciate hearing from knowledgeable folks about whether or not this chart/idea has any legitimacy.
- Pitchfork starts with March dip. Edges set at start of parabolic upswing (R) & at January peak (L)
- Small RED Channel is what I'm using as the trend line that must maintained in order to justify that current impulse wave might not be over
- Other channels created by extending recent trend lines backwards
- Bullish Cypher Harmonic
- Suggested scenario: we're in a rising top, potentially forming an Expanding Symmetrical Triangle
Commentaire:
Another possibility - instead of an Expanding Symmetrical Triangle we're about the complete the HEAD of a large INVERSE HEAD & SHOULDERS PATTERN that we started forming on 3/13