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Head and Shoulders
Bearish reversal pattern that forms after an uptrend. Consists of three peaks: the central one (head) is higher than the sides (shoulders).
By the TradingCalculator.Pro team · Updated on · About us
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- Reliability: High
- Timeframes: 4H, D, W
- Reversal Pattern · Bearish
How to Trade
- Identify prior uptrend
- Wait for complete pattern formation
- Entry on neckline breakout
- Stop loss above right shoulder
- Target: head to neckline distance projected downward