Registered User Joined: 3/11/2005 Posts: 12
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Is there some formula to set up a scan to help find head and shoulders top or bottom formations?
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Worden Trainer
Joined: 10/1/2004 Posts: 18,819
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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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