Question

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

Answer 1

a. by projecting downward from the neckline, the vertical distance from the top of the head to the neckline

Step-by-step explanation:

• Top pattern of head and shoulders Simple and commonly used pattern by trader in technical analysis. The trader under this model is well aware of what they are looking for.
• This type of model is available throughout the day, so investors and traders use this model for msking investments. This type of chart provides benefits such as stopping orders for easy trading, price targets and minimizing losses in trading.
• The minimum negative value from the head and shoulder top pattern is provided below the projection neckline, which is the vertical distance from the top of the head to the neckline.