HEAD AND SHOULD PATTERN
I am sure that you heard about the head and shoulder pattern this is the best example of head and shoulder
Head and shoulder pattern is good for reversal of price but if u trade head and shoulder in isolation
The. U must stop out . THE strong uptrend donot reverse just because of head and shoulder
Remember - never ever go against the trend , trend is ur friend but in this example the price cross below 200 SMA
So this is good reversal entry
HOW TO USE HEAD AND SHOULDER PATTERN
# see this pattern on higer time frame
# see 200 SMA for confirmation ( long trade above 200 SMA short trade below 200 SMA )
# watch price action near neckline
And I sure u know how to avoid fake breakout from my earlier post
Remember- alway follow risk management , be patient
KEEP LEARNING FROM UR MISTAKE AND BECOME GOOD TRADER
I am sure that you heard about the head and shoulder pattern this is the best example of head and shoulder
Head and shoulder pattern is good for reversal of price but if u trade head and shoulder in isolation
The. U must stop out . THE strong uptrend donot reverse just because of head and shoulder
Remember - never ever go against the trend , trend is ur friend but in this example the price cross below 200 SMA
So this is good reversal entry
HOW TO USE HEAD AND SHOULDER PATTERN
# see this pattern on higer time frame
# see 200 SMA for confirmation ( long trade above 200 SMA short trade below 200 SMA )
# watch price action near neckline
And I sure u know how to avoid fake breakout from my earlier post
Remember- alway follow risk management , be patient
KEEP LEARNING FROM UR MISTAKE AND BECOME GOOD TRADER
