Head and Shoulder
Head and Shoulder Top - Trading Strategy
In technical analysis, the head and shoulders formation occurs when the market trend reverses from bullish to bearish or bearish to bullish. A head and shoulders pattern consists of a left shoulder, a right shoulder, a head, and a line drawn as the neckline. In this chapter, we will look at what the Head and Shoulder pattern is, how to recognise it, and what trading strategies we can use to effectively trade it.
Name: | Head and Shoulder |
---|---|
Forecast: | Reversal Pattern |
Trend prior to the pattern: | Uptrend |
Opposite pattern: | Inverse Head and Shoulder |
Accuracy rate: | 94% |
Technical Analysis: Candlestick Trading For Beginners
This course will teach you how to utilize Japanese candlestick patterns to predict market turns.
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