Head & Shoulders: Difference between revisions
From MultiCharts
(Created page with "=== Definition === The Head and Shoulders indicator marks the formation of a Head & Shoulders pattern. The Head and Shoulders pattern is an accurate reversal pattern that...") |
No edit summary |
||
| Line 7: | Line 7: | ||
If the price breaks the neckline and closes below it, the pattern has completed. Conservative traders may look for additional confirmation. The target can be estimated by measuring the height of the pattern (from the neckline to the head) and projecting this downwards. Common stop levels are above the neckline or above the right shoulder. | If the price breaks the neckline and closes below it, the pattern has completed. Conservative traders may look for additional confirmation. The target can be estimated by measuring the height of the pattern (from the neckline to the head) and projecting this downwards. Common stop levels are above the neckline or above the right shoulder. | ||
<br> | <br> | ||
=== Default Inputs=== | === Default Inputs=== | ||
