"W" pattern and "WM" pattern

Li Ka Shing · May 11, 2006

Hi,

Do you think this is a valid "WM" pattern?

Lamont_C · May 11, 2006

A W is a bottoming pattern.

An M is a topping pattern.

What you have here is an upwardly-trending channel.

nazzdack · May 11, 2006

No. The "W" and "M" should be "taller", i.e. more volatile.

TSGannGalt · May 12, 2006

That looks like a double V... and double A...

Wait... more like an N... Q... O... P... B... C...

hold on...

It must be a series of "/" and "\"...

hardyards · May 12, 2006

LKS

Forget the fancy pattern names and just look at the price.
You have rising pivots ( both top & bottom) therefore you are in a long market.
You are making this game difficult.

Batterup · May 12, 2006

hardyards

Right, KISS rules. ....................

volente_00 · May 12, 2006

Those are 2 different inverted head and shoulders.

Optionpro007 · May 12, 2006

A 69 position? err formation?

Quote from volente_00:

Those are 2 different inverted head and shoulders.

Li Ka Shing · May 12, 2006

This is the latest update from today's action. The chart becomes like this:

When you see this chart, what comes to your mind?

Optionpro007 · May 12, 2006

seriously ? greata biga babalabushkas.....

Quote from Li Ka Shing:

This is the latest update from today's action. The chart becomes like this:

When you see this chart, what comes to your mind?