What is Reverse head & shoulder ?
Ans:- The Reverse Head and Shoulders is a bullish reversal pattern that is formed in the stock market when an asset experiences a decline, followed by a moderate recovery, then another decline to a lower level, another recovery to near the original decline, and finally another decline to a level that is lower than the previous...
Head and shoulder is a very popular chart pattern among traders. which is a continuation pattern. Many traders get it incorrectly they try to find Head and Shoulder in an up trend and Inverse Head and Shoulder in down trend , you need to do it correctly for better results.
Here I do this analysis in three parts.
Step 1 : Previous trend should be bullish for...
Be Cautious Head and Shoulders pattern (trend reversal) at #BERGEPAINT (Berger Paints India Ltd) weekly chart.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
ONLY FOR #educational
NOT SEBI...
Be Cautious Head and Shoulders pattern (trend reversal) at #NEOGEN (Neogen Chemicals Ltd) weekly chart.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
ONLY FOR #educational
NOT SEBI...
Be Cautious Head and Shoulders pattern (trend reversal) at Nifty Smallcap 100 Index weekly chart.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
ONLY FOR #educational
NOT SEBI REGISTERED....
Be Cautious Head and Shoulders pattern (trend reversal) at #Astral weekly chart.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
Stock seems to be changing trend(Head and Shoulders pattern)...
Be Cautious Head and Shoulders pattern (trend reversal) at #SUNTECK weekly chart.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
Stock seems to be changing trend(Head and Shoulders...
Be Cautious #headandshoulders #pattern (trend reversal) at #SPX weekly chart.
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
Stock seems to be changing trend(Head and Shoulders pattern) ....
****Educational Post:
Head and Shoulder pattern
Head and shoulders is a chart pattern in which a large peak has a slightly smaller peak on either side of it. Traders look at head and shoulders patterns to predict a bullish-to-bearish reversal.
Typically, the first and third peak will be smaller than the second, but they will all fall back to the same level of...
This is analysis is for educational purpose only!
Since many weeks bank nifty is under performing in the market and today it has created Head and Shoulder Trend Reversal Pattern on its daily charts. By the huge structure of this head and shoulder we can expect a huge fall of 5900 points. Yes! 5900 POINTS. If Bank Nifty treads below 35300 you can initiate a...
Following are common things one can spot on weekly chart which happen before fall/crash of 2008 and 2020, similar thing can be found in other indices and on all time frames in chart
1. Price will continue to make higher high RSI or MACD indicators will show trend exhaustion with lower high not breaking previous high
2. Series of Negative divergence is seen on...
Inverse head and shoulders pattern is considered a bullish reversal pattern.
A breakout of the neckline after completion of the right shoulder triggers the rally in the underlying script.
In individual scripts, the breakout can be confirmed with good volumes traded.
The share price can retrace and take support at the trendline (the resistance line now acts as...
Inverted head and shoulder pattern consist of two side shoulder pointing downward and one head pointed downward
If it's forming on 1d tf like an indication of big break in coming days
Currently this stock showing same pattern , let's see how this works in reality ,
It's going to be a reality chck for this pattern
I had this scrip in my watchlist and i had found this sort of Head and Shoulder pattern. I do have some queries about trading this pattern.
Is this a proper pattern to trade?
The left shoulder doesn't match with the right shoulder. Is that matter?
What about SL and Target?
I hope someone will clear my queries🤞🏻
Simple trend reversal pattern identification.
Pattern preceded by Down trend
Pattern location is very important for pattern to workout.
here pattern is formed exactly at the breakout level.
So chances of pattern to work out.
Never follow patterns in isolation, combine other things with it.
Breakout candle is having a wick, so have a cautious approach.
Check...
Inverse Head and shoulders Pattern is the mirror image of head and shoulders pattern.
Read about Head and Shoulder Pattern here:
Inverse H&S Pattern is bullish reversal pattern. Signals the traders to enter into long position above the neckline.
Volume play a major role in both H&S and Inverse H&S Patterns. Usually the spike in volume on breakout is...
