price patterns
double top
cup pattern
flag pattern
triangle
characteristics of above patterns
, , Price Patterns, . flag patterns and triangle apttern, Rounding bottom / Cup pattern and Shoulder
, , Price Patterns, . flag patterns and triangle apttern, Rounding bottom / Cup pattern and Shoulder
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Hi,
My Question 1 :: What is Head and Shoulder? What are their conditions ?
A Head and Shoulders reversal pattern form after an uptrend and its completion mark a trend reversal. The pattern contains three successive peaks with the middle peak (head) being the highest and the two outside peaks (shoulders) being low and roughly equal. Condition for bearish trend: Right side shoulder when it breaks the neckline then the market goes bearish trend that’s also an entry point