When the head and shoulders pattern happens during an uptrend, the price rises and then pulls back (lower), forming the left shoulder. The price rises once more, forming a higher peak known as the peak of the head. The price falls once more, then rebounds to a lower peak, establishing the right shoulder.
Swing lows occur when the price falls after the left shoulder and the head. A "neckline" is formed by connecting the swing lows with a trendline that extends off to the right. When the price falls below the neckline, the pattern is complete, and the price is likely to continue falling.
The entry opportunity on a head and shoulders pattern occurs when the price breaks the neckline.
Swing lows occur when the price falls after the left shoulder and the head. A "neckline" is formed by connecting the swing lows with a trendline that extends off to the right. When the price falls below the neckline, the pattern is complete, and the price is likely to continue falling.
The entry opportunity on a head and shoulders pattern occurs when the price breaks the neckline.
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Get BTST Toolkit:
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.