November 2012
Intermediate to advanced
352 pages
7h 45m
English
Content preview from Visual Guide to Chart Patterns
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Head-and-Shoulders Tops
Spotting tops is easier for me. Perhaps it is the idea that preservation of capital is more important than profit. Whatever the reason, let us look at the last chart pattern in this section of the book.
KEY POINT:
A head-and-shoulders top is a three-peak reversal pattern with a centrally located head priced above two adjacent (shoulder) peaks. The pattern confirms as a valid chart pattern when price closes below the neckline or right armpit.
The head-and-shoulders top appears on the chart just as it sounds and Exhibit 17.1 shows examples. In both chart patterns, a head towers above the shoulders, making it look like ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.