Hi Ecto, I agree... my first post on this thread related to the...

Hi Ecto, I agree... my first post on this thread related to the daily... a rhs pattern. The success rate of this pattern is supposedly 90% ..
neckline break is at .245 (this is line chart which relates to closing price only... it doesn't look as pretty on the candlestick option).

If it does breakout above .245c and for anyone who's missed the buy in boat, a good time to jump on board is when the price comes back to test that .245c again. I calculated the target to be .39c. The how to of trading a head and shoulders (same applies in reverse) link here.




Never trust a head and shoulders pattern where the neckline is clearly ascending (the second trough being higher than the first). Also, the more level the neckline, the more reliable the pattern.