More Picasso than Renoir
How to trade Uptrend, How to trade down trend, sideways, sell on the news, How to draw trendline, Head and Shoulder Pattern, Left Shoulder, Right Shoulder
Course: [ Profitable Chart Patterns in Stock markets : Chapter 4. Head and Shoulders Pattern ]
Let us emphasize here what we suggested at the beginning —that the term "Head and Shoulders” is a pretty abstract and highly imaginary title for a pattern of market behavior. As with all other patterns of behavior involving people and many other unpredictable elements, chart configurations do not follow a rigid formula.
MORE PICASSO THAN RENOIR
Let us
emphasize here what we suggested at the beginning —that the term "Head
and Shoulders” is a pretty abstract and highly imaginary title for a
pattern of market behavior. As with all other patterns of behavior involving
people and many other unpredictable elements, chart configurations do not
follow a rigid formula. Sometimes the Head is not a point, or a curve, but a
flat-top, representing a "sideways congestion range.” Sometimes the
shoulders are deformed: one does not appear to balance the other. And
sometimes, Complex Head and Shoulders take form, which is to say that a small
pattern is contained within a larger one, or that there are two left shoulders,
two heads and two right shoulders. This need not frighten a public that pays
fortunes for paintings by Picasso. (For the chart variety, see Figure 19.)
Profitable Chart Patterns in Stock markets : Chapter 4. Head and Shoulders Pattern : Tag: Candlestick Pattern Trading, Stock Markets : How to trade Uptrend, How to trade down trend, sideways, sell on the news, How to draw trendline, Head and Shoulder Pattern, Left Shoulder, Right Shoulder - More Picasso than Renoir
