Head and Shoulders Strategy for trade
Head and shoulders Pattern
Strategy for trade
On the technical analysis chart, the Head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend; a characteristic pattern takes shape and is recognized as reversal formation
1- Find the head and Shoulders pattern
2- Find Neck Line
3- Wait for the price to fall below the neckline , This is a very good level to Sell Position
4-Find your profit target by drawing a straight line, like the sample picture
5- Celebrate your success
Strategy for trade
On the technical analysis chart, the Head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend; a characteristic pattern takes shape and is recognized as reversal formation
1- Find the head and Shoulders pattern
2- Find Neck Line
3- Wait for the price to fall below the neckline , This is a very good level to Sell Position
4-Find your profit target by drawing a straight line, like the sample picture
5- Celebrate your success
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