This Pattern May Signal Major Turn For Apple
Peter Brandt | Apr 28, 2016 02:14PM ET
My favorite chart configuration is the Head and Shoulders. The H&S pattern is easily recognizable and produces far more reliable trading signals than more frequent patterns.
And, it's found at major turning points.
Apple (NASDAQ:AAPL) has formed H&S patterns at many major turning points in recent years. The Factor has identified and traded many of the following H&S patterns in real time.
Chart traders need to keep their eyes on Apple. The H&S pattern, when it occurs, is always worth a trade. Truly, Apple is head and shoulders above the rest.
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