Head and shoulder pattern EXPLAINED

HEAD AND SHOULD PATTERN
I am sure that you heard about the head and shoulder pattern this is the best example of head and shoulder

Head and shoulder pattern is good for reversal of price but if u trade head and shoulder in isolation
The. U must stop out . THE strong uptrend donot reverse just because of head and shoulder

Remember - never ever go against the trend , trend is ur friend but in this example the price cross below 200 SMA
So this is good reversal entry

HOW TO USE HEAD AND SHOULDER PATTERN
# see this pattern on higer time frame
# see 200 SMA for confirmation ( long trade above 200 SMA short trade below 200 SMA )
# watch price action near neckline

And I sure u know how to avoid fake breakout from my earlier post

Remember- alway follow risk management , be patient

KEEP LEARNING FROM UR MISTAKE AND BECOME GOOD TRADER