Sunday, September 6, 2009

Complex NASI Tops & Right vs Left Shoulder Formation



1. The Complex NASI Top can form the head & right shoulder (blue boxes) if a downtick (blue arrows) occurs in the upleg preceding the Top.
2. The Complex NASI Top can form the left shoulder & head (green boxes) if an uptick (green arrows) occurs in the downleg after the Top.
3. A massive head & shoulders associated with an initial downtick-associated NASI Complex Top formation, followed by two post-Complex NASI Top associated uptick patterns evolved from 2/08-9/08. This was followed by the big 10/08 drop.
4. We may be completing a similar pattern massive head & shoulders at this time, and then hold on for the ride down...

No comments:

Post a Comment