Head & Shoulder is distribution Pattern where the head is the top est and one can make short position if price falls below the neck line and previous top as stop loss and risk taken is equal to target.
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Hi,
The formation of Head and Shoulder has been a continuous decrease in the volume. That means volume will be higher in the left shoulder and eventually it decreases with the formation of head and right shoulder. The main process of the head and shoulder pattern is accumulation and distribution.
The duration to form the each should be minimum 1 month.
Very useful review Naresh. Thank you.
Yes the volume and duration are very important in Head and Shoulder.