Fabclub

head and shoulder pattern

NSE:NIFTY   Nifty 50 Index
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A trend line or neckline is drawn connecting the "Head and Shoulders" pattern to determine
the potential trade opportunities and targets. The neckline can be also formed in an angle
(slanted).

Trade:
Connect "Head and Shoulders" bottoms in a trend line or neckline. When the price closes
below the neckline, a potential short trade is signaled. Short one tick below the breakdown
bar's low.

Target: Compute the vertical distance between the "apex" of the "Head and Shoulders"
pattern and the neckline. The target is set below this distance from the neckline.

Stop:
After a trade entry, if the price closes above the neckline, a potential failure of the pattern is
signaled. Place a "stop" order above the neckline.
is the legnth of both the shoulders is required to be same or there can be some difference
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Fabclub chartking96
Slight diff can be acceptable@chartking96,
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@Fabclub, ok thankss brother
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Fabclub chartking96
Oh...MWC@chartking96,
i m always try to give my best
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share some example also for better understanding thanks
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Fabclub chartking96
You can see today nifty chart...which I was share today...@chartking96,
Thanks for ask
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Fabclub chartking96
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@Fabclub, thankss for sharing chart
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Nice Bro
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