weekend charting 20th & 21st august 2011, page-34

  1. 1,182 Posts.
    Also, could we possibly have a bearish head/shoulders reversal pattern on our hands? It's obviously not a double top, and it can't be a double bottom as there was an UPTREND before the two troughs (a double bottom reverses a DOWNTREND). Perhaps it can indeed be a H/S pattern?

    [url]https://lh5.googleusercontent.com/-o1WfROcS7y8/TlDlQ4-wm7I/AAAAAAAABY4/4--RYOz557Y/s1600/Untitled-1.jpg[/url]

    It fits in with the information given here shockingly well:
    [url]http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_t[/url]

    If it's true, we have a target of 15c.
 
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