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.