Sunday, December 04, 2016 9:55:13 AM
CT: I am curious as to how you've arrived at this conclusion re bottom. I've just calculated based on 60 mins 3 wks chart a head and shoulders bottom and reached .0045 outcome. Here is the link should anyone be interested in going through the process: http://thepatternsite.com/hst.html
His last comment: Symmetrical looking patterns (which this one is) performs worse. I don't know how this remark reflects our pattern, however. And, as you see the chart shows that price has clearly broken out of the channel.
I am also aware of the solid block the triple bottom has made. I would be impressed if this stock had not broken every pattern previously formed.
Note: Pincher on ADX/DMI.
His last comment: Symmetrical looking patterns (which this one is) performs worse. I don't know how this remark reflects our pattern, however. And, as you see the chart shows that price has clearly broken out of the channel.
I am also aware of the solid block the triple bottom has made. I would be impressed if this stock had not broken every pattern previously formed.
Note: Pincher on ADX/DMI.
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