Tag Archives: Head & Shoulder

Again, Head & Shoulder Pattern Should Be Tossed

I’ve mentioned it before, but I’ll mention it again.  Head & shoulder pattern is so unreliable that it’s only useful by the pros to manipulate retail traders. INFN was up 10.4% after hours at 8.05.  Fortunately, this was a story … Continue reading

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Head & Shoulder Pattern Should be Removed From the Chart Book

The success rate of head & shoulder patter is laughable. We all remember the head & shoulder pattern discussed on the media back in 2010 in fear of double dip recession.   Well, it never materialize.  As a matter of … Continue reading

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52 Week High Happened to be the SPY Inverse Head & Shoulder Target

The SPY broke the multi-month wedge to the upside, and could be playing out an inverse head & shoulder pattern.  If that’s indeed the case, the target would be 137 (see 2nd blue square), coinciding with the May 2010 high … Continue reading

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