Price Patterns - Head and Shoulders Top Is a Complex Pattern

Plantronics (PLT), a maker of communications and telephone headsets, has a complex price pattern. After making a double top, PLT collapsed and then moved to the upside which ended with a head and shoulders top. The left shoulder includes two tops which are followed by the head, the highest top of the formation. The head and shoulders formation is completed by the right shoulder which includes one top followed by a downside. Currently the stock is on the downside.

Related Articles:

Price Patterns - A Bubble Top Is an Extreme Pattern
Price Patterns - Bump and Run Reversal Top Defines Price Bubble
Price Patterns - A Double Top Signals a Downside
Price Patterns - Triple Top Signals End of Upside Move
Price Upsides Often Occur in Three Stages

Updated February 25, 2008.