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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.