Not necessarily married to specific structures as they are reliable about 67% of the time. However, there seems to be credit attached to this one given the background macros.
Commentary- there seems to be confusion in the blog sphere. Hardly a surprise given the potential pattern showing so far. By the time it gets done, most will have given up guessing and not trust a final signal when it does print- a perfect set up to wash out as many traders as possible. An even better set up would be a break up out of the 'diamond' to confound the pattern-spotters- however, unless the macro frequency decides to extend at the short-term or even jump it's long-term origin [the first a possibility, the second less likely], a break-up may not have enough staying power but it should remain a consideration.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
Commentary- there seems to be confusion in the blog sphere. Hardly a surprise given the potential pattern showing so far. By the time it gets done, most will have given up guessing and not trust a final signal when it does print- a perfect set up to wash out as many traders as possible. An even better set up would be a break up out of the 'diamond' to confound the pattern-spotters- however, unless the macro frequency decides to extend at the short-term or even jump it's long-term origin [the first a possibility, the second less likely], a break-up may not have enough staying power but it should remain a consideration.
The bots will flag here when they see a top. (1/25/20, 2/20/20)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
Our favorite go to site- McVerry Report
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