Disliked{quote} Would someone smarter than me please confirm the dynamics of the H&S and W or M? I believe with the : -H&S you look at a minimum expected move of 1/2 the distance between the extreme and the neckline, -W or M you look at 1/2 the distance of the nearest branch as the expected move In both cases the move can be exaggerated and in both cases you can have a significant snap back. Any takers?Ignored
But based on this pattern I can calculate how many points the price will go in a certain direction. Maybe not right away.
And according to today's pattern, it will be about 100 points from the 1.2560 level
My little hunch that we're going to go down. Anything is possible....
2