Email of the day on top formations
Comment of the Day

December 01 2020

Commentary by Eoin Treacy

Email of the day on top formations

Looking at the chart of Franco Nevada, is that a head and shoulders top formation?

Eoin Treacy's view

A head and shoulders top formation is an iteration of a ranging, time and size Type-3 top discussed at the Chart Seminar. Tops are more difficult to identify than bottoms because the natural proclivity of prices is to rise once a trend has been established. Therefore, a number of factors need to fall into place to confirm top formation development.

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