S/R Emini Journal

[volente_00]

LOL


H and S is the most likely pattern to complete.



If it breaks we get 1302 easy.



Maybe it is a fake out but it is there.


What is weird is we are at the bottom of the ascending triangle line and have been contracting.

It's T day baby, time to screw those who are shorting it.

 

[belavia]

Quote from volente_00:

Very interesting observation. Your time scale is central time, not eastern, right?

 

[volente_00]

yea central

FWIW


http://stockcharts.com/education/ChartAnalysis/headShouldersTop.html

 

[romik]

Quote from volente_00:

yea central

FWIW


http://stockcharts.com/education/ChartAnalysis/headShouldersTop.html

I know the pattern, just wondering where is the uptrend or do you not need it intraday, that's why I asked the Q. What's your experience on that pattern intraday?

 

[volente_00]

If I was bearish I would short it, but that triangle is bullish though and we are at the bottom of the lower line so


Bounce with me !

 

[romik]

Quote from volente_00:

If I was bearish I would short it, but that triangle is bullish though and we are at the bottom of the lower line so


Bounce with me !

you're long?

 

[volente_00]

yes



But do not follow me. Follow what your charts say.

 

[romik]

Quote from volente_00:

yes



But do not follow me. Follow what your charts say.

flat here

 

[belavia]

Quote from romik:

flat here

Would you adjust your top line of the pattern now (up) on the right side as the price rises? Or would that be considered curve fitting and only detrimental to charting successfuly?

 

[romik]

Quote from belavia:

Would you adjust your top line of the pattern now (up) on the right side as the price rises? Or would that be considered curve fitting and only detrimental to charting successfuly?

I have no touchdown on the upper line as yet, now I have and the answer is no, I will not adjust it as it represents today's' action so far, therefore it carries quite a bit of weight. Price has to close above resistance for me to consider a long.