Maybe I am just seeing things, and likely my technical analysis is a little out (I'm no expert!)... but does anyone see the possibility that this could potentially come to form a Head & Shoulders Pattern? Or am I missing something and has the market broken the technical possibility already?
The markets (or the powers that be behind them...) are playing with the technicals and trying to defeat them... but still Head & Shoulders patterns and Triple Tops are forming all over the place (see the Dow and S&P...), albeit pushed to the edges with great market exertions to break and deform such technicals...
After a while it may become a bit like spinning plates...
The markets (or the powers that be behind them...) are playing with the technicals and trying to defeat them... but still Head & Shoulders patterns and Triple Tops are forming all over the place (see the Dow and S&P...), albeit pushed to the edges with great market exertions to break and deform such technicals...
After a while it may become a bit like spinning plates...
Funnily enough, the Elliot Wave is far. more dangerous than what they've overcome in warping the market to prevent potential catastrophes from a technical perspective...
They just keep digging their own hole, deeper and deeper!
How funny - thank God I'm not invested in this bomb!