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Historical Simulator Plug-in

Head & Shoulders Top Formation

Video Transcript

Head & Shoulders. This formation has 3 definite peaks- the head, left shoulder, and right shoulder. The middle peak, the head is higher than any either shoulder. This formation anticipates a drop in price below the the neckline.

Unlike the 123 formations, a head & shoulders formation does not rely on annual high or low. They can appear anywhere within a chart. Head & Shoulders may also appear inverted and anticipates a rise in price above the neckline.


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