This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
i didnt know megaphone patterns were a "thing." how reliable are these formations? At first glance it seems easy to tell that the megaphone shows increasing market volatility thus increasing risk of a correction, but what does history say?
They are quite rare. Broadenin top pattern may have been better description,maybe theyre the same ...I suggest you look up both in Thomas Bulkowski's site.He rates patterns according to frequency and reliablityFor me the FB line and 9dema setup will take precedence,the rest is just observation