GreatPig
Pigs In Space
- Joined
- 9 July 2004
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Thought it was about time to start another technical analysis topic. Since I've just been getting through the section on reversal formations in Edwards & Magee, I thought I'd go with this.
This includes such formations as head and shoulders, double/triple tops & bottoms, triangles, and rectangles.
I've included a few charts of what I think are some possible examples. They're all based on longer-term patterns, and I couldn't find any right-triangle formations.
All comments welcome.
Cheers,
GP
This first image shows some examples of what I think are double tops. I should note though that the bottom-right example is up to the current date, so it's not guaranteed to be a double top yet. It needs to drop through the support line first. And it's CBA in case you're wondering.
This includes such formations as head and shoulders, double/triple tops & bottoms, triangles, and rectangles.
I've included a few charts of what I think are some possible examples. They're all based on longer-term patterns, and I couldn't find any right-triangle formations.
All comments welcome.
Cheers,
GP
This first image shows some examples of what I think are double tops. I should note though that the bottom-right example is up to the current date, so it's not guaranteed to be a double top yet. It needs to drop through the support line first. And it's CBA in case you're wondering.