That Larger HS lacks symmetry (RS not proportionate to LS) and
my advice is to focus on the current price action first and
foremost . A way to examine this is to take your neckline and
move up to the LS and see how it looks compared to RS. The RS is
much higher. Understand?
The current pattern that I posted below has a cup and handle
look to it but the focus was on the recent bullish consolidation
for a trade.
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Head and Shoulders everywhere
AMZN - short?
Posted by pintopower on 11th of Jul 2014 at 10:57 am
That is the problem with H&S - you can see them everywhere
AMZN IH&S chart
That Larger HS lacks symmetry
Posted by steve on 11th of Jul 2014 at 11:01 am
That Larger HS lacks symmetry (RS not proportionate to LS) and my advice is to focus on the current price action first and foremost . A way to examine this is to take your neckline and move up to the LS and see how it looks compared to RS. The RS is much higher. Understand?
The current pattern that I posted below has a cup and handle look to it but the focus was on the recent bullish consolidation for a trade.