Name of reversal chart pattern?

Discussion in 'Technical Analysis' started by crimony, Mar 6, 2006.

  1. did it look anything like this ? They can be continuations or bottoms.
     
    #11     Mar 7, 2006
  2. You may be talking about the Adam and Eve reversal.

    https://www.hardrightedge.com/wheel/tcaea.htm
     
    #12     Mar 7, 2006
  3. ===============
    Wish i knew the name;
    probabilities would depend upon context.

    CSCO looked as weak as QQQQ this year, certainly much weaker than 4 years into 1999. yet its shrugging off QQQQ weakness,
    most of year.

    Do have a name for DIA/YM outperforming other peers today;
    would name that suprising.

    Do have a name for some oil/gas socks that drop about 30% & keep on droping ;
    name those a good polar bear downtrend.

    :cool:
     
    #13     Mar 7, 2006
  4. Maybe I'm just missing something (and I've only just skimmed these over) but those gartley/bats/crabs seem like a bunch of crock to me.

    The reason? A stopped out gartley, looks like a bat, a stopped out bat looks like a crab, etc etc. In retrospect, every M or W reversal pattern no matter where it *finally* turns will look like a perfect setup (just pick a species), but it won't help much for real time trade management. Does this reasoning make sense?
     
    #14     Mar 9, 2006
  5. Why does Eve's bottom kind of look spread out and Adam's
    looks longer and kind of pointy?


    Oh... just a minute... I get it...:p
     
    #15     Mar 9, 2006
  6. Yes it does. This is why I had to get away from Ensign.

    I kept getting the crabs. And I don't like bats...:(
     
    #16     Mar 9, 2006