Replies to post #27296 on T/A ETF AND INDEX

[POKERSAM]

hh - You are correct. A head and shoulders is a reversal pattern. A regular head and shoulders can only be formed at the top of an up trend. An inverted head and shoulders can only be formed at the end of a downtrend. They are very reliable. You must, however, properly identify them.

To learn more.
http://thepatternsite.com/chartpatterns.html