Which of the following is generally true of the head and shoulders pattern? A. Volume is important
Question:
Which of the following is generally true of the head and shoulders pattern?
A. Volume is important in interpreting the data.
B. The neckline, once breached, becomes a support level.
C. Head and shoulders patterns are generally followed by an uptrend in the security’s price.
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A is correct Volume is nece...View the full answer
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Related Book For 
Investments Principles Of Portfolio And Equity Analysis
ISBN: 9780470915806
1st Edition
Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard
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