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chotachetan - I see.. Personally I don't regard any of the peaks...

  1. 1,633 Posts.
    chotachetan - I see.. Personally I don't regard any of the peaks that have occurred due to the capital raising or quarterly report speculation as being valid technical patterns for the purpose of SP prediction. In fact I have discounted them in my TA because of their temporary and unusual nature.

    Sorry chota I don't agree that it is a valid head and shoulders formation at this time. I must say that generally I find the pattern recognition in the SP more open to individual interpretation than most other TA methods, so it is often less reliable until confirmed by later SP movements. However having said that anything is possible so good luck.
    Last edited by Fireflyau: 18/08/14
 
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