Understanding the Head and Shoulders Chart Pattern:

- Formation: Consists of two smaller peaks (shoulders) on either side of a higher peak (head).

- Breakout Confirmation: Occurs when the price breaks the neckline after forming the second shoulder, signaling a potential trend reversal upward

- Target: The move's potential height can be estimated from the head's height added to the breakout point.

This pattern is a classic reversal indicator, great for identifying entry points#LearningFromMistakes $NOT