What a beautiful swan. The classic and most important is the neck! the one day pop breaking the previous resistance or drop long pop up for no reason or rhyme and the peak. why the long neck in black swan? the market seems to know something or what. or pause in selling? market crashes two times with support and does a long neck before going straight down pass previous support levels the bids are no longer there. and crashes further. buyers disappear. or wide gap in bid and ask and sellers hit the bid to sell their shares.
live black swan forming it is now forming the beak now if the 9300 breaks and doesn't hold the peak or the swan is forming the two feet daffy duck and neck has formed,, now the peek of the swan is forming after hours we see if it's a black swan or dragon pattern. which is bullish. dragon is bullish. black swan is bearish. dragon usually in bottom and black swan in bull markets or tops. very rare to see these patterns in such a 'perfect' dragon or black swan pattern way. this pattern could be used in techical analysis books. these two patterns are usually form from extra ordinary events and not normal patterns.
A black swan is characterized by having an immense effect on the market and not knowing its a black swan till after the fact. This is a much more rare, illusive pattern: a nothingburger.
Then you're living under a rock. MERS is a coronavirus. 2015 MERS outbreak in in South Korea killed 38 people. 2012 MERS in Middle East, the disease killed 525 people, possibly more as it's supposedly a coverup. 2013-14 Chikungunya, 183 dead. 2015-16 Taiwan dengue, 218 dead. 2013-16 Ebola in West Africa. 11,323 dead.
even without the corona virus the market was due to some profit taking or pullback. but this market is like a bid shows up everytime it dips,,buying the dip is still in the program or short covering.
there is no pattern to identify a black swan event. out of nowhere they hit and they hit hard. it isn't going to announce itself. the response to a black swan event is, "Oh, s**t."
mr buttermarket Here's a story you're sure to like: Where did the Spanish flu really originate? For many years, medical historians and epidemiologists hypothesized that the outbreak could have started at a British army base in Étaples, France, or at Fort Riley in Kansas, where the first American cases of this new strain of flu were recorded in March of 1918. More recently, experts have proposed a third hypothesis: The Spanish flu originated somewhere in northern China in late 1917 and swiftly moved to western Europe with the 140,000 Chinese laborers the French and British governments recruited to perform manual labor to free up troops for wartime duty. Regardless of its origins, the Spanish Flu was an unprecedented global catastrophe. By the spring of 1919, the influenza pandemic had sickened an estimated one-third of the world’s population and may have killed as many as 50 million people, claiming more lives in a single year than either the First World War or the four-year-long Black Death bubonic plague outbreak that swept Europe and Asia in the Middle Ages. https://www.history.com/news/why-was-the-1918-influenza-pandemic-called-the-spanish-flu
black swan the almost vertical up neck a rapid rise in price with no reason or ryhme and the peek is the distinctive feature of the pattern. often mistaken with double bottoms. previous selling, somebody knew something and sold everything. and exited all sellers gone. resulting in pop causing that long vertical upward neck. huge gap in the market. this is the black swan the teach in trading school. very rare in the overal market indexes but common in individual stocks.
Guys @buttermarket has a point I just spotted an inverted dong pattern on the ES: If you notice the shaft is formed by 2 successive lows in an otherwise bull rally. The sack is a point of consolidation. This is a generally bearish formation that follows the direction of the line of the head. Short now! We are about to get dicked!