head and shoulder

[L.Vigneshwaraprakash]

head and shoulder

it is a strong pattern which indicates the dilution of the stock

the volume should be high at the first shoulder and it trends low to the support level

it is fallowed by the another bigger high to form the head with a increase in volume then it will also falls to the support level

again it will increase to form the next shoulder with a considerable volume but not high as the first shoulder to form head and shoulder

the support level between the two neck region is the support is the key indication of the head and shoulder

the time frame of the pattern is minimum 2 – 3 month to 6 years

[Balaji]

Dear Sir,

The explanation what you have written is correct. But the things you have shown in the chart is not correct.

Kindly request to correct the chart.

[Author]

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