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Find the pattern forming like SHOULDER HEAD SHOULDER the tallest one is HEAD takes minimum 3 months.
High volume takes place in the left shoulder which is bearish trend reversal.
Volume should be low in right shoulder where the stronger hands getting out.
short position is created below its neck line.
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Hi,
The formation of Head and Shoulder has been a continuous decrease in volume. That means the volume will be higher in the left shoulder and eventually it decreases with the formation of the head and right shoulder. The main process of the head and shoulder pattern is accumulation and distribution. The duration to form each should be a minimum of 1 month.
Watch the below video…..I hope this will help you
https://www.youtube.com/watch?v=dCuxpo7gp4U