A quote from Edwards and Magee ( the ultimate authority on chart
patterns):
“This formation is not a true Head and Shoulders for a number of
important reasons but we must admit that it is difficult to find a
better name for it….we shall accept the suggested name and call it
the Continuation Head and Shoulders.”
Admittedly rare and tends to occur in strong trends.
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A quote from Edwards and
SPX Forming inverse H&S?
Posted by maroonk1 on 4th of Nov 2014 at 08:57 am
A quote from Edwards and Magee ( the ultimate authority on chart patterns):
“This formation is not a true Head and Shoulders for a number of important reasons but we must admit that it is difficult to find a better name for it….we shall accept the suggested name and call it the Continuation Head and Shoulders.”
Admittedly rare and tends to occur in strong trends.