Replies to post #120337 on Titan Medical Inc (TMDIF)

[Rollgard1]

blast1977.......As to today's TMDI chart earlier.....

When H&S was near completion at 1.35 a buyer stepped in in small lots and negated the daily pattern. Buying is the only way to negate a head and shoulder pattern.......as selling at the last minute in an inverse head and shoulders negates the breakout...When either follow through with their completion 99% of the time you have a spike down or up depending which pattern you are dealing with.....in our case we want inverse all the time (rising) as H&S is a drop in pps if completed.

Thanks Roll.....ps use a 1 minute daily and you can see a figure what appears to be a person with the 1 minute candles....earlier today,then see the buying that came in at 1.35pps to negate the H&S that would have completed pattern at 1.30pps