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Can you consider this chart as head and shoulder?

Chart Forum » Chart Patterns » Can you consider this chart as head and shoulder?

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avihud
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Username: avihud

Post Number: 8
Registered: 06-2003

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Tuesday, January 31, 2006 - 09:59 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)


Hi,
Is NTAP chart can be consider as h&s? Head and shoulder is a reversal pattern, it means that a downtrend should control the chart, however the second low which establish the down trend is part of the head and shoulder(?).

NTAP_US







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mattisax
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Username: mattisax

Post Number: 9
Registered: 05-2004

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Friday, February 10, 2006 - 11:39 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)


it was an inverse h&s pattern. this is a bullish continuation pattern in this example.

i believe it was visible on weekly chart.

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