Right here is the dynamic head and shoulder pattern and the steps to trade them when you spot them on the chart.
For Head and shoulder pattern to effectively work, we need the left shoulder and the head to complete first.
Then we will wait for price to fall back to the support horizontal line. Then if price doesn't break the support level downward, you enter a...
Head & Shoulders Pattern
1. Introduction
2. Definition
3. Qualities
4. Example
5. Conclusion
1. Introduction
I realize the Head & Shoulders pattern is a common pattern most traders know. However, I feel that too many traders don't identify them properly nor realize the actual makeup of a H & S.
There are two types of Head & Shoulders: Inverse, and...