V.17:8(378): NOVICE TRADER'S NOTEBOOK

COMPLEX TOP
The complex top is a broad classification
of somewhat irregular patterns that
do not fit into any one of the other
pattern definitions. One complex top
pattern, the complex head-and-shoulders
top, is one of the more symmetrical
formations that fall into this group. The
complex variety of head-and-shoulders
tops consists of different numbers and
combinations of shoulders and heads,
rather than just one head and one each of
left and right shoulders, as in the standard
variety. The complex head-and-shoulders
top occurs less frequently than
the standard variety but has the same, if
not better, reliability in warning of an
impending downturn.