Yet another inverse H&S patten in YM

Discussion in 'Index Futures' started by Rickshaw Man, Jul 21, 2005.

  1. I cant belive this one failed amazing, they have been working like a charm.
     
  2. opm8

    opm8

    Looks like every other squiggly line that gets posted on dacharts.com.
     

  3. What are you talking about that chart has two indicators a single moving average and an oscillator. At dacharts you cant get through the door with less that 10 indicators.
     
  4. Lucrum

    Lucrum

    I'm not trying to be confrontational and I'm aware that patterns can be somewhat subjective but I don't don't see a reverse H&S on that chart.
     

  5. It failed, it was setting up nicely, and they have a good success rate after an intraday down trend. They appear just about every day.
     
  6. opm8

    opm8

    And here's a reverse Zammelman FlipFlop triangle that didn't materialize. At least I caught the 7th wave diagonal PowerPoint, though. LOL

    --opm8

    <img src=http://charts.dacharts.com/2005-07-21/El_27.png>