What's this pattern?

Discussion in 'Technical Analysis' started by JSSPMK, Dec 18, 2009.



    What's this pattern about?

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2676040>
  2. Higher highs and lower lows. Look it up.
  3. Pekelo


  4. How about this pattern?
    Apparently it has re-appeared..

  5. Is that flannel....looks cozy :)



    I was trading gold, when this appeared, played it against usd, TY!
  8. Did anyone spot this pattern on the 1 min ES today?:eek:


    Outstanding and reliable entry signal!
  9. sideway movement.

    where the hell did those two straight lines come from?

    If my chart is cut through by a line, I will pick up the phone and call the broker with all kinds of profanities. If my chart is cut by two lines, I will call the broker's mother's names.

    I have done that many times to a cable company (Comcast), a phone company (AT&T), and some other companies that I don't remember.
  10. also known as a broadening top. The daily chart of the NASDAQ composite also has this formation. My TA bible indicates that this is a bearish pattern.
    #10     Dec 19, 2009