About meMy name is Mike, weary of unearned wisdom, there are no shortcuts - this analysis is one of education, we're watching the emotions of fear and greed unfold in an elaborate display of turbulence as the price bounces thru unknown confluences.
Scallions (also known as spring onions or green onions) are vegetables derived from various species in the genus Allium. Oh my God, it's a mirage
I'm tellin' y'all, it's a sabotage
So, so, so, so listen up 'cause you can't say nothin'
You'll shut me down with a push of your button?
But you, I'm out and I'm gone
I'll tell you now, I keep it on and on
"What Is the Inverse Head and Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends.
This pattern is identified when the price action of a security meets the following characteristics: the price...
"Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. The volume at each period of the pennant is also important. The initial move must be met with large volume while the pennant should have weakening volume, followed by a large increase in volume during the...
"An inverse head and shoulders pattern is comprised of three component parts: After long bearish trends, the price falls to a trough and subsequently rises to form a peak. The price falls again to form a second trough substantially below the initial low and rises yet again." Investopedia
This is called a "Fib retrace" tool, if you use the previous bull run as input data (2002-2022; 20 years) you can see that we're quite close to the 38.2% retrace, which is a very likely bottom point, if it doesn't bottom there, then .5, then .618 etc. Today, the most likely bottom point is the .382 - and only if it breakdown does the .5 become the most...