DislikedHi moshe.. I am really sorry for replying you so late. Let me answer your question. The chart i showed you is actually a HEad and Shoulder pattern. It consists of 3 peaks and among these 3 peaks, the one in the middle is the highest/lowest. And the Trend line will be the NECK.
When the price penetrates the NEck line, it would be a BUY or SELL signal.
On the example i give u now, u see that price actually penetrates the neck and u can open SELL. The horizontal line is The TRIPPLE TOP ( with x sign ). It is a signal for TREND REVERSAL.
Actually it is not A mouteki line The price projection is BEST achieved by FIBONACCI Retracement. I'll show in the next pic.Ignored
leo.... may i know how did you draw the neck?