The head and shoulders bottom is the opposite of the head and shoulders bottom. When the price has risen for a certain period of time and a certain amplitude, it begins to repeat and test the resistance level. The head and shoulders bottom pattern consists of three low points, the middle low point is the lowest (head), and the two low points on the left and right are relatively low (shoulders). When the price breaks through the neckline connected by the support points, it usually indicates that the market will turn to rise.
In general, breaking through the neckline can be determined as a long position. The theoretical rising target (satisfaction point) is the distance between the head low point and the neckline. If it returns to the neckline, it is determined to be a failed head and shoulders bottom pattern, and stop loss and exit.
Common patterns in behavior 2: head and shoulders bottom pattern
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