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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Scanning for Head and Shoulders

Scanning for Head and Shoulders Rate this Topic:
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laertes1a
Posted : Thursday, November 17, 2005 10:07:30 PM
Registered User
Joined: 3/11/2005
Posts: 12
 Is there some formula to set up a scan to help find head and shoulders top or bottom formations?
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Craig_S
Posted : Thursday, November 17, 2005 10:50:03 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
 The best method I've found is to locate stocks that have been bouncing in a lateral channel. Often this formation happens at the end of a trend and shapes up into shoulder tops and bottoms.

Check out this video:

Scan for stocks bouncing in a lateral channel
- Craig
Here to Help!
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