GKP

One to keep an eye on post its dip this morning. Up against downtrend resistance on the 4H.



dl.dropboxusercontent.com/u/24866576/Oct...td%20301013%204H.png

M.

Hi WS,

it was a statement of my opinion

Agree that the clearer they are, the more traders will play em (I presume you mean the neckline), but the more that play them the more likely they are to play out nicely IMO.

Cheers
F4T

is that a question or a statement ?

but thanks F4T for your opinion, sometimes its the irregular one that you need to pay attention to, every tom dick n harry can make out the normal ones as they are are easier to identify (if there ever is such one)... and more often than not they fail cos everybody tries to play em.

just putting out what i see, try to force something that not there on the other hand can be dangerous...learnt that lesson a longtime ago...

all imho

cheers WS !

Food4Thought wrote: I don't think that qualifies as an iH&S personally. Too irregular in many places. Perhaps you are looking for something that is not there. SP certainly broke out of symetrical triangle yesterday though, on the hourly and daily on my charts.

I don't think that qualifies as an iH&S personally. Too irregular in many places. Perhaps you are looking for something that is not there. SP certainly broke out of symetrical triangle yesterday though, on the hourly and daily on my charts.

updated chart on the smaller inv H&S... needs to hold that neckline. and if true breakout then approx 200/05 target. 186 hurdle before that.

cheers WS

dl.dropboxusercontent.com/u/40497882/gkp_invH%26S_oct13.JPG

Sorry,it was specifically the '154/7/161' that I don't understand?