Head and Shoulders

Head and Shoulder Patterns can be normal or inverted. The normal head and shoulders consssts of three peaks where the center peak is the highest while the Inverted Head and shoulders consssts of three lows with the center low the lowest. A neckline is drawn through the lowest points either sde of the head. A break through the neckline provides a "sell opportunity" With the Inverted Head and shoulders the neckline is drawn through the top of the two peaks either sde of the head. A break through the neckline provides a "buy opportunity".

Left Shoulder

Head &ght Shoulder

Left Shoulder

Neckline

Neckline

&ght Shoulder

Head

Neckline

Left 22 Shoulder

&ght Shoulder

Head

■1f^■j1 07:00 AM Nov 13. 2002 03:00 PM Nov 19. 2002 11 ;00 PM Nov 25. 2002 07:00 AM Dec 02. 2002 03:00 PM Dec OS, 2002 11 ;00 PM Dec 12. 2002 07:00 AM Dec 19. 2002 03:00 PM Dec 25. Í

EURUSD,H1 12436 1.243"3 12434 12437

Inverted Head and Shoulders ri.OS&S

Inverted Head and Shoulders

1,0925

1,0335

ri.OS&S

1.0345

1.0305

i.0765

1.0725

1.0685

1.30 1.31 1.31 1.31 1.31 1.31 1.31 2.3 2.3 2.3 2.3 2.3 2.3 2.4 2.4 2.4 2.4 2.4 2.4

Created with Interbank FX Trader, ig) 2002-2003 MetaQuotes Sofware Corp.

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