| 09/02/07 05:57:04 PM -0700
It is a head and shoulders pattern
except that it is in reverse. A
valley is formed - left shoulder,
followed by a lower valley - head, and
then a higher valley - right shoulder.
A buy entry order should be placed above
the neckline. The take profit
target can be projected. Measure
the distance between the head and the
neckline, and that is approximately the
distance that the price will move after
it breaks the neckline.
Head
and Shoulders < -- >
Important Chart Patterns
Last
Updated:
Sunday, October 07, 2007 10:27:35 AM -0700 |
