"W" pattern and "WM" pattern

Discussion in 'Technical Analysis' started by Li Ka Shing, May 11, 2006.

  1. Hi,

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

    [​IMG]
     
  2. A W is a bottoming pattern.

    An M is a topping pattern.

    What you have here is an upwardly-trending channel.
     
  3. No. The "W" and "M" should be "taller", i.e. more volatile.
     
  4. 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 "\"...
     
  5. 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.
     
  6. hardyards

    Right, KISS rules. ....................:D
     
  7. Those are 2 different inverted head and shoulders.
     
  8. A 69 position? err formation?


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

    [​IMG]

    When you see this chart, what comes to your mind?
     
  10. seriously ? greata biga babalabushkas.....



     
    #10     May 12, 2006