|Head And Shoulders Bottom Complex||Previous Next|
It is a head-and-shoulder bottom with multiple shoulders, multiple heads, or both. The head is lower than the shoulders but generally not very much. There is a strong tendency for the shoulders to mirror themselves about the head.
Percent of successful formations – 82%
Failure rate – 6%
Average time to throwback completion – 3 hours
Compute the formation height by subtracting the value of the lowest low reached in the head from the highest high, located between shoulders, or between head and shoulder. Add the difference to this point. The result is the target price to which price will rise, at a minimum.