Tag Archives: head and shoulders pattern

Panic in TA Land, Again

The latest panic was caused by a reversal in 10-Year Note yield and a possible invalidation of a head and shoulders bottom that has been forming since 2015.

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Classical Technical Analysis Indistinguishable From Astrology

The bulk of classical technical analysis charting is based on confirmation bias: chartists look for patterns that confirm expectations tied to future economic conditions. But biased analysis is wrong more often than it is right. A recent example is included.

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A Brief Note On Chart Patterns With An Example Of Recent Failure

A recent failure of an island reversal pattern in the chart of the 10-Year Note yield adds to a long list of failed chart patterns in the last few years and reinforces claims that they are random formations. In the … Continue reading

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