Loading ...BIG TECH DIAMOND IN THE ROUGH
Also know as the Go Fly a Kite Pattern
You can have your reasons to be bullish , You can have your reasons to be bearish …but a Chartist will be neutral until this resolves. It could go either way. Most patterns are “consolidations” or so called “continuations”…lets say 70 to 75%….the remainder are “Reversal patterns” . Hold your powder
Or, potentially, a massive H&S top building out.
That’s not an “or” JL…I have provided for that scenario with this diamond….a diamond breakdown would be one and the same .
sox weekly neg diverg sticks out like a sore thumb or even 2 sore thumbs
Fair enough Fully.
You are so right. One of the biggest lessons I learned from the Tent and the Chartology sites is that the middle of the trading range has the least amount of information for the future. I’m keeping my powder dry until we know more.
Intel going bonkers after hours.