Jun 26, 21 · Head and Shoulders Pattern 21 At the very start of the topic,one can see that this discussion is going to about What is a head and shoulders pattern?Without wasting time let's start this article's discussion This pattern is related to chart formation that can be appeared in a baseline of head and shoulders through three peaksAug 27, 19 · In fact, for a pattern to have some predictive value, the pattern must be preceded by a clear, distinguishable trend Caution is necessary when trying to identify patterns for the purpose of price prediction Perhaps the most useful and widely recognized reversal pattern is the headandshoulderspattern As the name suggests, the headandOften used as a strong reversal pattern, the Head and Shoulders is very popular amongst traders This classic reversal pattern is a high probability chart formation that predicts a bullish to bearish trend reversal with a big accuracy The same formation can appear upside down, which we call as an inverse Head and Shoulders
Head And Shoulders Chart Pattern Wikipedia
Head and shoulders pattern reversal