Master the Art of Identifying Head and Shoulders Patterns! 📈📉
Unleash the power of this classic chart pattern to predict market reversals.
Key Points:
Head and Shoulders: A bearish reversal pattern consisting of three peaks, with the middle peak (head) being the highest.
Neckline: A trendline connecting the troughs of the pattern.
Breakout: A decisive move below the neckline, confirming the bearish reversal.
💡 Pro Tip: Combine the Head and Shoulders pattern with other technical analysis tools for increased accuracy.
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