Blog Archive

Thursday, January 29, 2015

Easy Head and Shoulder

Here's an easy way to figure Head and Shoulder targets.  
  • Using a channel with an additional channel set to -1 
  • Draw between the two low points on either side of the Head, and set +1 at the top of the Head
  • Then using a Time Line place a vertical line down from the peak of the Head
  • Next draw a Target Price Line at the intersection on the Time Line and the -1 Channel line.

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