DOW to 32K?

If we can confirm a breakout I believe we will push to 30k. Bullish on Freedom baby! :)




As a note, there is very much precedent for HNS and IHNS acting as continuation patterns, although traditionally viewed as reversals.


"The head and shoulders is one of a group of patterns typically considered trend reversal chart patterns. If you look closely though, the head and shoulders can also act as a continuation. There are some subtle differences between the continuation and reversal, which may just help you find some great trades, and avoid some bad ones in regards to this pattern." - bianryoptions.net

"“All our references to the Head-and-Shoulders formations up to this point…have considered that pattern as typifying reversal of trend, and in its normal and common manifestation that is most definitely the Head-and-Shoulders function. But occasionally prices will go through a series of fluctuations which construct a sort of inverted Head-and-Shoulders picture which in turn leads to continuation of the previous trend. There is no danger of confusing such continuation or consolidation formations with regular Head-and-Shoulders Reversals because, as we have said, they are inverted or abnormal with respect to the direction of price prior to their appearance. In other words, one of these patterns which develops in a rising market will take the form of a Head-and-Shoulders Bottom. Those that appear in declines, assume the appearance of a Head-and-Shoulders Top." -Schabacker, Edwards and Magee (quote taken from peterlbrandt.com/do-continuation-head-and-shoulders-patterns-really-exist)