38. The minimum downside price projection from a head and shoulders top pattern

Question

38. The minimum downside price projection from a head and shoulders top pattern is derived a. by estimating the length of the primary price cycle b. by measuring the distance from the penetration of the neckline by the left shoulder to the penetration of the neckline by the right shoulder and extending down from the point of penetration of the right shoulder c. by measuring the width of the left shoulder and subtracting that distance from the neckline d. by projecting downward from the neckline the vertical distance from the top o the head to the neckline

Explanation / Answer

38.

head and shoulder top pattern is easy and most use pattern by trader in technical analysis. under this pattern the trader knows very well, what they are looking for. this type of pattern is avialble all day, so investor and trader use this pattern for msking investment. this type of chart proves benefit like, stop order, price target for easy trading and reduce loss in trading.

The minimum downside price projection from a head and shoulder top pattern is derived by providing downward from the neckline the vertical distance from the top of teh head to the neckline.

Option (D) is correct answer.

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