head and shoulder if it appear in the duration one month
right shoulder should be lower than than the left shoulder once it break down the neck line we can consider to take a short position
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head and shoulder if it appear in the duration one month
right shoulder should be lower than than the left shoulder once it break down the neck line we can consider to take a short position
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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 pattern should be minimum one month.