Replies to post #975 on Triple 000 and Sub-penny Chart Plays

[gimmeMYcash]

Thanks trader53. Appreciate your commentary and hard work. Still love this board! GLTA!

[trader53]

Educational Post: The "Head & Shoulders Bottom Reversal"

Head and Shoulders Bottom (Reversal)

Example:



Neckline:
The neckline forms by connecting reaction highs 1 and 2.

Reaction High 1
marks the end of the left shoulder and the beginning of the head.

Reaction High 2
marks the end of the head and the beginning of the right shoulder.

Depending on the relationship between the two reaction highs,
"the neckline" can slope up,
slope down,
or be horizontal.

The "slope of the neckline",
will affect the pattern's degree of bullishness.

A "downward slope",
is "more bullish" than an "upward slope".


Example of a "Triple 000"
Head & Shoulders Bottom (Reversal)

ICPA



ICPA Neckline:
> Sloped downward
From 0.0079 down to 0.0065
From 0.0042 down to 0.0030


Example: $GOLD



> $GOLD Neckline:
From 1804.40 down to 1792.70

Left-Shoulder is at 1535.00
Head is at 1523.90
Right-Shoulder is at 1526.70




Head and Shoulders Bottom (Reversal)

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_b

http://stock-trading.dojispace.com/index.php/2011/05/head-and-shoulders-pattern/

http://www.trending123.com/TEMPORARY/Stock-Analysis-November/Inverted-Head-And-Shoulders-Bottom-PDC-Chart-Pattern.html

http://www.trending123.com/patterns/inverted_head_and_shoulders.html

http://www.tradingmarkets.com/.site/stocks/how_to/articles/How-to-Trade-Head-and-Shoulder-Above-the-Rest-79148.cfm