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Stephen Oakes is an experienced financial titan from New York who brings Wall Street to Main Street. Over the past 11 years, he has developed and tested the renown, Oakes Momentum System, which uses a unique constellation of technical indicators to find timely buy and sell points. He holds an M.B.A. in the United States (New York) and has studied internationally at the Reims School of Management in France.

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Head and Shoulders Reversal Pattern

July 23rd, 2006 • Related • Filed Under

Another setup is known as the “head and shoulders” pattern. In figure 20 we see that this pattern can be bullish or bearish. A bearish pattern forms by forming a person-like shape complete with shoulders and a head in the middle. If the pattern were to be completely flipped upside down with the head forming at the bottom, we would call it a bullish head and shoulders pattern.

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