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In Figure 13.11, we observe a head and shoulders top formation meeting its
minimum one‐to‐one price objective on the 15‐min chart of the EURUSD.
In Figure 13.12, we observe an inverted head and shoulders top formation
meeting its minimum one‐to‐one price objective on the 30‐min chart of the
EURUSD. Notice that there is a smaller head and shoulders formation nested
within a larger head and shoulders formation. Although not shown on the chart,

figUre  13.11 The Minimum One‐to‐One Projected Price Target for a Head and
Shoulder Top Formation on the 15‐Min Chart of EURUSD.
Source: MetaTrader 4

figUre 13.12 The Minimum One‐to‐One Projected Price Target for an Inverted Head
and Shoulders Formation on the 30‐Min Chart of EURUSD.
Source: MetaTrader 4