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Head and Shoulders Top. Head and shoulders formations consist of a left shoulder, a head, and a right shoulder and a line drawn as the neckline. The left shoulder is formed at the end of an extensive move during which volume is noticeably high.
Block (SQ) emerges from an inverse head-and-shoulders chart pattern. The "inverse" refers to the fact that the pattern (shown above) is the mirror image of a bearish head-and-shoulders top, a ...
Head and shoulders (chart pattern) I. Island reversal; T. Triangle (chart pattern) Triple top and triple bottom; W. Wedge pattern This page ...
Technicians using charts search for archetypal price chart patterns, such as the well-known head and shoulders [11] or double top/bottom reversal patterns, study technical indicators, moving averages and look for forms such as lines of support, resistance, channels and more obscure formations such as flags, pennants, balance days and cup and ...
Head and Shoulders may refer to: Bust (sculpture) Head and shoulders (chart pattern), employed in technical analysis, which is a method of stock market prediction "Head and Shoulders" (short story), a short story by F. Scott Fitzgerald first published in 1920; Head & Shoulders, a brand of shampoo by Procter & Gamble
A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or ...
In the broadening top formation five minor reversals are followed by a substantial decline.. Five minor reversals a-b-c-d-e. In the figure above, price of the share reverses five times, reversal point d is made at a lower point than reversal point b and reversal point c and e occur successively higher than reversal point a.
This statement makes no sense, "On the technical analysis chart..." 24.160.109.122 20:31, 10 February 2011 (UTC) It appears to me that the entire definition of head and shoulders is deficient by classical standards, and requires support through citations.