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After a long bullish trends, the price rises to a peak and subsequently declines to form a trough. The price rises again to form a second high substantially above the initial peak and declines again. The price rises a third time, but only to the level of the first peak, before declining once more.
The first and third peaks are shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline. Head and shoulders patterns can also signal that a downward trend is about to reverse into an upward trend. In this case, the stocks price reaches three consecutive lows, separated by temporary rallies.
Of these, the second trough is the lowest the head and the first and third are slightly shallower the shoulders. The final rally after the third dip signals that the bearish trend has reversed and prices are likely to keep moving up.
If more people are bullish, then the price will go up as new investors buy in to take advantage of the opportunity. The Head and Shoulders Story Like all charting patterns, the ups and downs of the head and shoulders pattern tell a very specific story about the battle being waged between bulls and bears.
The initial peak and subsequent decline represent the waning momentum of the prior bullish trend.
Wanting to sustain the upward movement as long as possible, bulls rally to push the price back up past the initial peak to reach a new high the head. At this point, it is still possible that bulls could reinstate their market dominance and continue the upward trend.
However, once price declines a second time and reaches a point below the initial peak, it is clear that bears are gaining ground. Bulls try one more time to push price upward, but succeed only in hitting the lesser high reached in the initial peak.While Andy's mother is admitted to a psychiatric hospital, the young boy is placed in foster care, and Chucky, determined to claim Andy's soul, is not far behind.
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The HS top alerts traders that an uptrend is over and the price could head lower. About Us. Since , monstermanfilm.com has been a resource for exercise professionals, coaches, and fitness enthusiasts; featuring comprehensive exercise libraries (nearly exercises), reference articles, fitness assessment calculators, and other useful tools..
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