Hello Fellow Traders,
Once again i have come up with a Learning Idea on a Pattern I spotted while scanning my charts. We will discuss about Head and Shoulders Pattern
1. Introduction - The inverse head and shoulders pattern is another technical analysis chart pattern, and it is essentially the upside-down version of the regular head and shoulders pattern....
Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a peak (left shoulder), followed by a higher peak (head), and then another lower pea k (right shoulder).
A “Neckline” is drawn by connecting the lowest points of the two troughs. Neckline support does not need to be strictly horizontal.
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