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For technical analysts, the pattern formed by three successive rallies with the second rally being greater than the first or third, is called a:Question 7Select one:a.symmetrical triangle.b.head and shoulder pattern.c.breakout.d.triple top.

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For technical analysts, the pattern formed by three successive rallies with the second rally being greater than the first or third, is called a:Question 7Select one:a.symmetrical triangle.b.head and shoulder pattern.c.breakout.d.triple top.

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Solution

The pattern formed by three successive rallies with the second rally being greater than the first or third is called a head and shoulder pattern. So, the correct answer is b. head and shoulder pattern.

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