This pattern tells you about bullish/bearish trend reversal. A head and shoulders pattern is comprised of three component parts: After long bullish trends, the price rises to a peak and subsequently declines to form a trough. The price rises again to form a second high substantially above the initial peak and declines again. The price rises a third time, but only to the level of the first peak, before declining once more. The first and third peaks are shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline.
georgequayle posted:A pattern in head and shoulder trading that provides sell/buy signals. And its confirmation is about 90%.AliaDare posted:good advice
There are many strategies in trading but head and shoulders are very profitable strategies. This strategy is used by many professional traders. You can find out about this strategy by searching online. Such as youtube, google, etc. It is very easy to make a trading profit with this strategy.
Jan 13 2022 at 08:53
90% is huge, what parameter do you consider for the analysis and on what tf you trade mostly?
I think that that is one of the most recognizable patterns which is applied in trading. You'd better watch the videos about that, you can google or find videos on youtube. Basically, the patter is pretty easy to understand and it is pretty reliable, however, it is quite a rare occasion when you can see it in real time trading.
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