The following conditions meet the Head and shoulder pattern

– Head should be the highest among recent prices

– Volume of left shoulder should be the highest

– Right shoulder volume should be low as possible

– Duration to form the pattern should be minimum one month for each shoulder

1 Comment
  1. Naresh 5 years ago

    Hi,
    The head and shoulder are best to view in the weekly charts. Generally, the left side volume should be high and the right side volume should be a drain as possible.

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