Another analysis about popcorn that's slightly more BEARISH.
I was inspired to re-examine my previous analysis after learning something new about pitchforks.
The concept is that a pitchfork is not necessarily invalidated when price exceeds the bounds of the median parallels.
Price can drift sideways outside the original pitchfork parameters. This is referred to as a frequency shift. Often, this is what makes price look as though it has left a pitchfork's channel when it hasn't'. The root of the problem is that a frequency shift took place earlier and the anchor points for the pitchfork were improperly placed.
It may be wackadoodle but it seems to works in this instance. And it does so by (1) explaining much (2) with no effort beyond duplicating and lining things up, (3) while producing a result fairly similar to my previous analysis, and (4) confluences with another analysis style. Wadda ya think, @Antikythera_Mechanism?
The concept is that a pitchfork is not necessarily invalidated when price exceeds the bounds of the median parallels.
Price can drift sideways outside the original pitchfork parameters. This is referred to as a frequency shift. Often, this is what makes price look as though it has left a pitchfork's channel when it hasn't'. The root of the problem is that a frequency shift took place earlier and the anchor points for the pitchfork were improperly placed.
It may be wackadoodle but it seems to works in this instance. And it does so by (1) explaining much (2) with no effort beyond duplicating and lining things up, (3) while producing a result fairly similar to my previous analysis, and (4) confluences with another analysis style. Wadda ya think, @Antikythera_Mechanism?
