Sustainable Green Team Ltd (SGTM)

[trader53]

SGCP - Head and Shoulders Pattern - Starting

SGCP 0.0002 - Targets 0.0012 / 0.0024





SGCP - Sierra Gold Corp - Strong BUY
https://www.otcmarkets.com/stock/SGCP/profile
http://www.investorpoint.com/stock/SGCP-Sierra%20Gold%20Corp/
https://www.stockscores.com/charts/charts/?ticker=SGCP

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Inverse Head & Shoulders Bottom Reversal Pattern - Explained

Head and Shoulder Bottoms

are one of the most common
and reliable reversal formations.

It is important to remember that
they occur after a downtrend
and usually mark
a major trend reversal when complete.


The Head and Shoulders Bottom,

sometimes referred to as
an Inverse Head and Shoulders,

is a pattern that
shares many common characteristics
with the Head and Shoulders Top,
but relies more heavily on volume patterns
for confirmation.

As a major reversal pattern,
the Head and Shoulders Bottom

forms after a downtrend,
with its completion
marking a change in trend.

The pattern
contains three successive troughs
with the middle trough (head)
being the deepest
and the two outside troughs (shoulders)
being shallower.

Ideally,
the two shoulders
would be equal in height and width.

The reaction highs
in the middle of the pattern
can be connected to form resistance,
or a neckline.


https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_bottom_reversal

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