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Thread: One of the most famous head and shoulders reflexology patterns

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    Default One of the most famous head and shoulders reflexology patterns

    A bullish head and shoulders pattern
    The head and shoulders is a trend reversal pattern that comes after the upward trend and turns it into a downside. The head and shoulders pattern consists of three peaks and the middle crest of the head is the top of them. The first crest is the left shoulder and the third summit the right shoulder are roughly at the level of each other, and they are smaller than the second peak of the head. As we have shown previously
    This graph shows an initial sell-off and then a period in which buyers and sellers take turns in control. Ultimately, the buyers close their positions and the sellers turn away in fear. After that, the buyers regain control of the contract price slowly but surely until it finally breaks through the neckline resistance. We can attribute the first contract price recovery to bottom fishing. This is where the sellers are taking advantage of
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