Head and shoulders price pattern | What is head and shoulders chart pattern in Trading

Head and shoulders price pattern in English

In this video let’s understand the Head and Shoulders chart pattern—a powerful bearish reversal pattern that often signals the end of a strong uptrend.

Here’s how it forms: First the price moves upward and forms a peak then pulls back. This is known as the left shoulder. Next the price rises again this time creating a higher peak—this becomes the head. After that it drops back down near the previous pullback zone. Finally the price attempts one more move up but this time it forms a lower high—and that’s your right shoulder.
The neckline is drawn by connecting the two pullback points. A breakdown below this neckline is your entry signal. To set your target measure the distance from the head to the neckline and project that same distance downward from the breakdown point. #headandshoulderpricepattern

Disclaimer –
This content is for educational purposes only. My motive is to share my personal trading experience and knowledge with my YouTube family so we can all learn and grow together. This is not financial advice. Trading and investing involve risk, and you should never trade with money you cannot afford to lose. Always do your own research and consult a licensed financial advisor before making any financial decisions. The creator is not responsible for any losses or damages resulting from your actions.

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