A Discussion on $J: Pattern, Target, Local Wave Structure

Jacob’s Engineering has a few notable features.

It has an inverse head and shoulders pattern that looks mature. I have noted the target on the chart. A decline that falls below the right shoulder would draw this interpretation into question (so, mental stop there).

A promising feature is the nature of the advance from 2/24 low. It’s a clear impulse wave, and that’s a good sign. It increases the probability that we may expect further advances from this point.

J


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.