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This type of head and shoulders pattern has more than one left or right shoulders or head. It is also known as multiple head and shoulders pattern. [citation needed] One particular type is known as a Wyckoff distribution, which usually consists of a head with two left shoulders and a weaker right shoulder. [citation needed]
Download as PDF; Printable version; ... Head and shoulders (chart pattern) I. Island reversal; T. Triangle (chart pattern) Triple top and triple bottom; W. Wedge pattern
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 ...
Using charts, technical analysts seek to identify price patterns and market trends in financial markets and attempt to exploit those patterns. [10] 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 ...
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
An extremely strong trend is indicated by readings above 50. Alternative interpretations have also been proposed and accepted among technical analysts. For example it has been shown how ADX is a reliable coincident indicator of classical chart pattern development, whereby ADX readings below 20 occur just prior to pattern breakouts. [5]
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A statement like "It is one of the most reliable chart patterns, and it reaches its projected target in 95% probability" needs a reference. I've seen this said, but I've never seen a reference cited. I'm wondering about NPOV here. This article needs citations (and from neutral sources)! Geoffrey.landis 23:46, 5 May 2010 (UTC) Totally agree.