The Titanic Chart Pattern – Our HSI Will Go On and On
I could not resist this because I was wrong back in early April about the Titanic pattern on the HSI. https://tradehaven.net/market/the-titanic-chart-pattern-on-hang-seng/
So I did a Titanic Up and Down one because it (not an iceberg !) struck me that pictures have the Titanic going down first on 1 side and down last on the other, depending on the angle you look at it.
Here you go ….. and do not accuse me of being bored at all !
To be continued …….
Is this a head & shoulder instead? Pardon me as i am not an expert on technical.
It’s on its way. Not a completed pattern H&S yet (but I will have to verify with our friend, The Dark Knight). But I could not resist Titanic…..
I found your “Titanic” pattern quite amusing back in April and glad it didn’t come true for everyone’s sake as lots of investors were “onboard” at that time. I suppose what goes up must come down and you will eventually get it right in the end. 3rd interest rate cut was a third “patch up” of a punctured hull. Passengers on board are finally realising this ship ain’t sailing right no more… besides, didn’t Titanic took a while to sink?
Hahah you are right. And the biggest lesson in markets is never to think too far ahead.
30k HSI at least from now till end year?
If the HKD peg goes, the sky is the limit as initial reaction !