-
Head and Shoulders Pattern
The Head and Shoulders pattern is one of the most powerful and reliable trend reversal patterns in technical analysis. It’s like a warning sign that the current trend is losing steam and about to take a sharp turn in the opposite direction. Structure: Trading Strategy: psychology behind this patter is , its shows a loss of momentum from the buyers and the start of a trend change as a lower high has already formed .this patter very string after strong uptrend . The Head and Shoulders pattern is not just a random shape—it represents a fundamental shift in market sentiment. It forms because of buyer exhaustion and a shift in…