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Re: shauno12345 post# 94

Sunday, 10/03/2010 5:51:12 PM

Sunday, October 03, 2010 5:51:12 PM

Post# of 144
yep, i see what you see but the same as the weekly the left shoulder top to the neck line breaks the trend line. example what it should look like



2.Left Shoulder: While in an uptrend, the left shoulder forms a peak that marks the high point of the current trend. After making this peak, a decline ensues to complete the formation of the shoulder (1). The low of the decline usually remains above the trend line, keeping the uptrend intact.
3.Head: From the low of the left shoulder, an advance begins that exceeds the previous high and marks the top of the head. After peaking, the low of the subsequent decline marks the second point of the neckline (2). The low of the decline usually breaks the uptrend line, putting the uptrend in jeopardy.

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