Head & Shoulder
This pattern is broken to two ✌🏻
1. Head & Shoulder
2. Inverted Head & Shoulder
Head & Shoulder works as a pattern for us to identify a sell setup. We will sell once we see the shaping of the 1st Shoulder & Head.
So, we will buy at the 2nd part of the Shoulder.
Head & Shoulder: SELL ONLY
Inverted Head & Shoulder also functions the same but we look for a buy setup at the 2nd Shoulder.
Inverted: BUY ONLY