Replies to post #264039 on Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

I'm not familiar with that pattern. Do you see it play out much?

[Zeev Hed]

I concur, except that I think we may have an intraday excursion under the support at 2015, thus my target of 2008....

[gtober]

How about an inverted H&S or a cup and handle. The NAz and a number of indexes/stocks have the same bullish pattern.

[LG]

Bullwinkle: Megaphones are broadening formations (expanding triangles). Per my experience, expanding triangles are just that, expanding patterns at both constraining trend lines. I would be cautious of betting on “ascending" or "descending" megaphones.

IMO…you would have been better severed if you had recognized the rising wedge patterns in play and noted the possible retrace targets…

My TradeStation COMPX (NASDAQ Composite) Daily Semi-log Chart



Regards,
LG