Hmmm, not really in my book subaru. The left shoulder isn't really pronounced enough, and the right shoulder was never forming up. Looks to have broken up now through the 32.5 - 33 resistance.
Yeah, all depends on time frames really and weather you use a semi log scale as well. You see different things in charts over different time frames so I normally look at a 6 mth, 1yr, 2yr, and 3yr to get the full picture.Thanks,
With your chart I agree totally.
Looks like that resistance wasn't long broken(I own currently), would be nice if it was...
The chart you're using looks quite different (same numbers obviously) from the one I looked at on asx.com.au over a 6 month time-frame.
Is there a certain time-frame or scaling which is best? I imagine the answer is individual to each situation.
Ps- what does one have to do to enjoy the life in Peru??
Yes, has been discussed a bit.I know this sounds dumb, and I'm sure it's been answered on another thread, but where do I find good, free charts (including the semi-log kind).
Alright... I'm probably lacking a little in the nuances of tech analysis. I would like to pose a question that hopefully those more experienced can answer:
Has the second shoulder of a downtrending head and shoulders just formed for the ASX?
I know you can have uptrending and down trending head and shoulders formations, but can you even a head and shoulders that steep?
Okay, with my limited knowledge of charting this is my interpretation of what is unfolding.(note it`s the psuedo SPI 200 chart)
This is simply a projection and because it`s projected may not happen.
At least H&S patterns can be defined
Any variations on this???
BHP still in play after making it to $36 on the way down and then recovering back to $40 resistance. Failed, and looks to be heading back down. For the moment. Who knows in this crazy market. Where's the bear rally!My first nom is BHP.
Looks to be breaking through the neckline where there should have been good support, and also looks like it may break the next important support at $40. The target coincides with long term support around $34.
Will be interesting to see if the principle is valided more than not.
So Your typical Head and Shoulders signals a bearish trend, whereas the inverted Head and Shoulders signals the potential for a bullish trend?
Might be Bolivia, but a little tenuous.Not sure how to post a graph but CSR looks like a nice looking inverted head and shoulders.
Anyone care to analyse?
Could do. On a 3 year weekly still looks vulnerable to revert back until it breaks 29 ish, IMO. Or, the effect of the H&S when it broke down through 26 and hit 23, is all it could manage to the downside.A question re H+S on the weekly WOW chart
We have a head and shoulder pattern with a solid close below the neckline.Now,does the throwback into the pattern confirm that its a failed pattern??
cheers Pete
ps... another inverted h+s ,platinum asset .PTM
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