TA using patterns is always a problem in my opinion....I remember when I was trying my hand at TA, I was seeing head and shoulders and cup and handles all over the place! Lost a bundle because I think our brains are wired to see patterns that we want to see....a head and shoulder pattern would be seen by an optimist as the formation of a reverse head and shoulder too! I am in SYR now based on TA but not doing patterns anymore....just simple trend following technique...if SYR closes below 3.24 by the end of this month, I will become cautious and think of getting out in the short term, else blue sky’s ahead IMO....GLTAH
TA using patterns is always a problem in my opinion....I...
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