Head and shoulders pattern is considered to be one of the most reliable reversal chart patterns. This pattern is formed when the prices of the stock rises to a peak and falls down to the same level from where it had started rising
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Oh I would say that this is the basic pattern. Just like the triangle and the rest. But I wouldn't say that any pattern is true at 100%. Failures are given in any system. lol. Trust your instincts too.
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