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Head And Shoulders

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I remember reading a post (cant remember who) in which someone mentioned the head and shoulders affect. Im no economist so could someone just give me a brief answer. Apparently that means that it will fall faster and harder. Some insight please

PS. these ads are pi$$ing me off

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I remember reading a post (cant remember who) in which someone mentioned the head and shoulders affect. Im no economist so could someone just give me a brief answer. Apparently that means that it will fall faster and harder. Some insight please

PS. these ads are pi$$ing me off

PS. These ads are pi$$ing me off too.

The head and shoulders is a 'reversal' pattern, used in analytical charting to predict a change in direction of a market trend.

In an uptrend it would signal a reversal to a downward trend.

A normal head and shoulders would see a peak, and then a fall back to a low (making an inverse V shape).

The there would be another peak (usually on lower volume) which exceeds the first peak but has a fall back to the previous lower level (a line drawn under this would be the Neckline).

The there would be a further smaller peak (often similar magnitude to the first peak), again often on lighter volume, and another pullback.

The 'head and shoulders' pattern is then completed when the fall breaks the neckline (often on higher volume, although not as neccessary at a top as at a bottom reversal).

Once past the neckline it will often return to the neckline as a new resistance level.

I'm sure someone will correct me if thats wrong...

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PS. These ads are pi$$ing me off too.

The head and shoulders is a 'reversal' pattern, used in analytical charting to predict a change in direction of a market trend.

In an uptrend it would signal a reversal to a downward trend.

A normal head and shoulders would see a peak, and then a fall back to a low (making an inverse V shape).

The there would be another peak (usually on lower volume) which exceeds the first peak but has a fall back to the previous lower level (a line drawn under this would be the Neckline).

The there would be a further smaller peak (often similar magnitude to the first peak), again often on lighter volume, and another pullback.

The 'head and shoulders' pattern is then completed when the fall breaks the neckline (often on higher volume, although not as neccessary at a top as at a bottom reversal).

Once past the neckline it will often return to the neckline as a new resistance level.

I'm sure someone will correct me if thats wrong...

Cheers. :P

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PS. These ads are pi$$ing me off too.

GET FIREFOX and add the ADBLOCK plugin - All ads then gone. Right click any annoying frames/images and block them at will!

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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