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📚💰Inverted Head and Shoulders in VETUSDT -Learn More Earn More

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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 a 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 above the neckline.

TARGET:
We can also calculate a target by measuring the lowest 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

Thank you for the tutorial.
+2 Reply
@Lizabet, We're happy to help!
+1 Reply
Thanks for the posts keep up
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks for your kind comment. 👍
Reply
Done. I'm hoping that you are very right. I will be so so happy
+1 Reply
@phina01, We wish you the best of luck to you in your trades.
Reply
I'm going to do that now and give my review later... Thanks
+1 Reply
@phina01, You're welcome and thanks for your comment. We appreciate it.
Reply
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