SubscribeHead and Shoulders Reversal Pattern
July 23rd, 2006 • Related • Filed Under
Another setup is known as the “head and shoulders†pattern. In figure 20 we see that this pattern can be bullish or bearish. A bearish pattern forms by forming a person-like shape complete with shoulders and a head in the middle. If the pattern were to be completely flipped upside down with the head forming at the bottom, we would call it a bullish head and shoulders pattern.
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