It is a head and shoulders. One that won't work tho... the measured move of what @marketreport shows in the post is approximately 7000 points. there is another H&S after the larger that should work tho. I however just posted on my blog this chart, http://tos.mx/lq1FTQ straight from my trading platform. I am not trying to drive attn to myself. Just don't want ya to think that this is a H&S pattern that will work :) Happy New Year!
It is a head and shoulders. One that won't work tho... the measured move of what @marketreport shows in the post is approximately 7000 points. there is another H&S after the larger that should work tho. I however just posted on my blog this chart, http://tos.mx/lq1FTQ straight from my trading platform. I am not trying to drive attn to myself. Just don't want ya to think that this is a H&S pattern that will work :) Happy New Year!