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(Created page with "Head and Shoulders Top, a bull continuation pattern in both bull and bear markets that sometimes is a reversal pattern") |
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Head and Shoulders Top, a bull continuation pattern in both bull and bear markets that sometimes is a reversal pattern | Head and Shoulders Top, a bull continuation pattern in both bull and bear markets that sometimes is a reversal pattern. | ||
* every HST also has a DB formed by the low before and after the head | |||
* every HS pattern is also a TR and therefore a [[BOM]] | |||
* if there is a good buy signal bar and many bull bars, 40% chance of BO above the head and about a MM up | |||
* if there is a good sell signal bar and many bear bars, 40% chance of about a MM down (for e.g. [[20230310]]) | |||
* most often, the pattern is not strongly bullish or bearish and the TR continues, even if there is a minor BO above or below. |