| 08/30/07 05:01:01 PM -0700
A head and shoulders pattern is
formed by a peak - left shoulder,
followed by a higher peak - head, and
then another lower peak - right
shoulder. A neckline is drawn by
connecting the lowest points of the two
troughs.
The initial sell order is placed
below the neckline. We can project
a target by measuring the high point of
the head to the neckline. This
distance is approximately how far the
price will drop after it breaks the
neckline.
Double
Bottom < -- >
Reverse Head and Shoulders
Last
Updated:
Sunday, October 07, 2007 10:27:35 AM -0700 |
