here i witnessed a head and shoulder it form with 3 months durations when left shoulder have high volume and head have high volume followed by a right shoulder usually we should go for short position
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here i witnessed a head and shoulder it form with 3 months durations when left shoulder have high volume and head have high volume followed by a right shoulder usually we should go for short position
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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.