How to use Head n Shoulder / Inv. Head n Shoulder Chart Pattern.Hello Friends,
Welcome to RK_Chaarts,
Today we are going to Learn how to use Head n Shoulder / Inverted Head n Shoulder (Reversal Chart Pattern) as a Professional Trader along with real terms to check, Confirm and apply.
• Where to find: After a strong uptrend (H&S) or After downtrend (Inverse H&S).
• Confirmation: Neckline breakout with increased volume.
• Trading Strategy: Enter after neckline break, set stop-loss below the right shoulder, Aim for a target equal to the height of the Head pattern.
• Supporting Checks: No major Resistance or Hurdle (50,100,200 EMAs) should be there in way towards Target.
This post is shared purely for educational purpose & it’s Not a trading advice.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning .
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
