Now, through the efforts of a market maker, something similar to the Head and Shoulders can be traced on the chart. This is drawn in order to lure inexperienced traders who will be trapped into shorts.
However, experienced traders know that a H&S is a reverse setup!
Knowing how to spot traps of the market maker is just as important as knowing how to find your formations. This skill will help you better predict future market movements and trade in the direction of wind.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones