ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Statistical data from a similar pattern in the past. Visually, I think one could perceive last week being a bull flag which we broke out of yesterday (Monday).
Add to that: "It's a bull market, you know."
We had every chance to sell off last week, but didn't. I'll add that to the bull case.
It's just what I perceive to be the most likely scenario from here. Not stubborn either way.
Reasoning?
Maybe that's the carefully guarded, little known "1/2 head and shoulder" pattern revered by only the most secretive and advanced of technical traders.
I have heard it exists, not unlike the Yeti and Nessi... but alas, we are not worthy.
Everybody and their brothers, sisters, aunts, uncles, and parole officers see the potential big "H&S" bottom.
But what if that is not what is going to come about? What is 2/12 to 3/8 is the left shoulder of "H&S" top that is yet to come. Perhaps the head double tops with the 2018 high, and then after a decline, another rally that becomes the right shoulder?
Eyes wide open is better than eyes shut as tight as a closed mind.
@Buy1Sell2 , why don`t you ban these bums: @vanzandt,@NQurious
Here's a hint, it's in consolidation.
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