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Non-Tech : Kirk's Market Thoughts
COHR 164.80+0.8%Dec 2 3:59 PM EST

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berniel
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To: Kirk © who wrote (16372)7/25/2023 10:21:45 AM
From: Kirk ©2 Recommendations  Read Replies (1) of 26669
 
More on iH&S pattern from the charting site I've paid good money to for years:

school.stockcharts.com
The Head and Shoulders Bottom, sometimes referred to as an Inverse Head and Shoulders, is a reversal pattern that shares many common characteristics with the Head and Shoulders Top, but relies more heavily on volume patterns for confirmation.



Head and Shoulder Bottoms are one of the most common and reliable reversal formations. It is important to remember that they occur after a downtrend and usually mark a major trend reversal when complete. While it is preferable that the left and right shoulders be symmetrical, it is not an absolute requirement. Shoulders can be different widths as well as different heights. Keep in mind that technical analysis is more an art than a science. If you are looking for the perfect pattern, it may be a long time coming.
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