📚HOW TO EFFECTIVELY USE THE HEAD & SHOULDER PATTERN 📚

23 ביוני 2021

Right here is the dynamic head and shoulder pattern and the steps to trade them when you spot them on the chart.

For Head and shoulder pattern to effectively work, we need the left shoulder and the head to complete first.

Then we will wait for price to fall back to the support horizontal line. Then if price doesn't break the support level downward, you enter a buy order and set your take profit where the right shoulder will form.

Also, if price does not break the resistance at the right shoulder, then we now have our H & S pattern.

We then sell again and take profit at the support.

Then if a downward breakout occur at the support, we wait for a retest back to the support zone to turn resistance. Then we sell again through the long tail.

THE SAME GOES FOR THE INVERSE H & S PATTERN.


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