A head and shoulders pattern is bearish if the price drops below the second shoulder line. A typical head and shoulders pattern is characterized by an initial rally to a peak (the first shoulder ...

From classic patterns like head and shoulders to more complex formations such as flags and pennants, each pattern tells a unique story about market behavior. A forex chart pattern is a sequence ...

I have been asked to expand a little on the chart formation known as the 'Head and Shoulders' (H&S). Most traders will have heard of this pattern ... So today I'd like to show you how I use ...

The head and shoulders pattern might be the most ... consolidation is shorter and comes to a sharper point. This pattern looks more like a long triangular pennant than it does a broad flag.

The rectangle is a classical technical analysis pattern described by horizontal ... Occasionally, more fancifulshapes are seen, such as the head-and-shoulders formation. The Rectangle: Supply ...

Analyzing daily timeframes, he flagged what could become a head-and-shoulders pattern — a classic feature marking an uptrend breakdown. “Breakout from the broadening chart pattern that ...

The formation of a head and shoulders pattern further reinforces this bearish ... wave increase (white), so the decrease could have a similar duration. Giving wave C the same magnitude as wave ...