Bulkowski's Complex Head-and-Shoulders Bottoms Quiz

I show a complex head-and-shoulders bottom chart pattern. This one has a left shoulder (L), two heads (H), and a right shoulder. The pattern can have multiple shoulders and one head (frequently) but rarely will it have multiple shoulders and multiple heads. A neckline (shown in red) joins the highest armpit on the left with the highest armpit on the right. A close above this line confirms the pattern as a valid one and is the entry signal. Often you'll see a near horizontal neckline. When the neckline tilts upward, use a horizontal line drawn starting from the highest right armpit to confirm the pattern. Otherwise, price may never close above the up-sloping neckline. Volume is typically highest on the left side of the pattern (hard to tell in this example, so I didn't try to draw it).

Find as many complex head-and-shoulder bottoms as you can. For help, click here.

Yes, this was an easy quiz. The neckline in this case slopes upward so use the horizontal green line as the breakout (entry signal).

Find as many complex head-and-shoulder bottoms as you can.

This quiz was harder than it looked. Pattern L-H-R is not a complex head-and-shoulders bottom. It's not even a valid (simple) head-and-shoulders bottom. Why not? Because the pattern doesn't confirm (meaning price doesn't close above the red neckline, A). The L1-H1-R1 pattern is a valid complex head-and-shoulders bottom, though. It has two narrow heads (at H1).