For technical analysts,the pattern formed by three successive rallies with the second rally being greater than the first or third,is called a:
A) symmetrical triangle.
B) head and shoulder pattern.
C) breakout.
D) triple top.

Question

Quizplus · Accepted Answer

The head and shoulders pattern in technical analysis is characterized by three peaks, with the middle peak (the head) being higher than the two surrounding peaks (shoulders), which are of approximately equal height. This pattern is often interpreted as a reversal pattern.

For Technical Analysts,the Pattern Formed by Three Successive Rallies with the Second