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Dow - Head and Shoulders Pattern?

1,614 Views | 8 Replies | Last: 4 yr ago by Ulrich
Bonfire97
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AG
If you look at the Dow on a 10 year graph, is it forming a head and shoulders pattern?
Motis B Totis
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AG
Is that a real question?
Bird Poo
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AG
What happens after a "head and shoulders"
DRE06
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AG
10 year head and shoulders. Keep on trading bro.
diablo loco
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Bonfire97
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AG
Nevermind
Husky Boy Jr.
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PearlJammin said:

What happens after a "head and shoulders"
Knees and toes
oldarmy1
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PearlJammin said:

What happens after a "head and shoulders"


10 years is a little outside the usefulness of that technical pattern, but on a trend chart when you see that it is a parabola of buyers turning into sellers leading to a breakdown of trend. A reverse head and shoulders is just the opposite - bullish

See the H&S on Tesla after its highs? See where it breaks the right side lows and begins a longer trend retreat. Then it loses major support for a quick drop and has now developing a reverse h&s.

Baby Billy
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AG
Someone read the "Technical Analysis for Dummies" book
Ulrich
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Husky Boy Jr. said:

PearlJammin said:

What happens after a "head and shoulders"
Knees and toes

Damn you I wanted to say that.
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