ABSTRACT
The Head-and-Shoulders Pattern carries a good measuring stick. The height of the formation from the extreme Top of the head down to the point directly beneath where the neckline crosses represents the minimum probable move from the neckline down. In fact, the trend implications of the Triangle would suggest a continuation equal to the move preceding the Triangle and leading into it, for if the trend continues valid, the move should run up to the upper limit of the channel. In the case of a Reversal, one would also use the height of the first reaction as a minimum measure. With Right-Angle Triangles, he/she also can take the long side as a rough measure of the minimum expected move. The rather unusual breakout that takes the form of an almost vertical "mast" running up many points before arriving at a stopping point, where some Consolidation Pattern is made, carries with it a most explicit measuring rule.
