Toast me or Roast me - I'm still learning & practicing charting
I was looking at descending scallops and some of their features via thepatternsite.com
What is valid or invalid about this charting here??
I have the high peak marked from the ATH that topped the uptrend on AMEX:SPY and the most recent upward breakout prior to trending back down on the 1HR as of yesterday. I know I will only be able to confirm in hindsight but is there good reason here for me to say we have the makings of a long-er term descending scallop in play here?
Thanks to all. I enjoy reading your opinions and discussions on the daily.