CFA Practice Question

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CFA Practice Question

Once a head and shoulders pattern is formed, the expectation is that ______
A. the market will rally again.
B. the price will remain around the neckline and the market will be in balance.
C. the price will decline down through the neckline price.
Explanation: The head and shoulders pattern is not complete and the uptrend is not reversed until neckline support is broken and becomes a new resistance level.

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