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Head and Shoulders - "Learn More Earn More" with us

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BITFINEX:ETHBTC   Ethereum / Bitcoin
Inverted Head and Shoulders Definition:

A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal.

. This illustrates that the downward trend is coming to an end.
. When a Head and Shoulders formation is seen in an downtrend, it signifies a major reversal.
. The pattern is confirmed once the price breaches the neckline resistance.

In this example, we can easily see the head and shoulders pattern.

How to Trade the Head and Shoulders Pattern:

ENTRY:
we put an entry order below the neckline.

TARGET:
We can also calculate a target by measuring the high point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.


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Comments

So when we see a head and shoulders pattern, should we expect a reversal trend?
+4 Reply
Pro_Trader_007 Pro_Trader_007
@Pro_Trader_007, I got it. Thanks
+3 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, You're welcome!
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, That's right.
+1 Reply
Thank you for the tutorial.
+4 Reply
ForecastCity sofi_Morphy
@sofi_Morphy, You're welcome!
+2 Reply
ForecastCity sofi_Morphy
@sofi_Morphy, Hope it's inspiring.
+2 Reply
Reliable & accurate information. Thank you.
+3 Reply
@Lizabet, Thank you a lot for your comment.
Reply
so much helpfull, thanks guys, you're great
+3 Reply
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