Continuation head and shoulder or Elliott Triangle

A continuation Head and Shoulder pattern could also be a looked as a triangle. A similar pattern of conventional head and shoulder of a five legged 3-3-3-3-3 (a-b-c-d-e) triangle was present in Nifty during the fall from May 2008 to Oct 2008.

Vivek Marne is currently working with BDO Consulting in Oman, providing services in determining new business opportunities for various clients to understand markets and companies and identifying ways in which clients can become high-performance businesses. He has worked previously with KPMG (global risk and compliance services of manufacturing companies in India) and with Irevna – Division of CRISIL (fundamental analysis of Information technology companies). Vivek is passionate about Technical Analysis, a self taught Elliott Wave Technician. He conducts technical analyis on a variety of financial instruments on his blog vivekoutlook.blogspot.com. He covers WAVES Metals for Orpheus Research.

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