So here’s another pattern for yal as this is hmm the 3rd. First was the hammer second a reversal pattern 3 is the classic head n shoulders.
Check out this series as you’ll be surprise as I’ll explain how to trade them in the market as most preform different than how we are taught
So here we have the classic head and shoulders a
a head and shoulder
The pattern is a top reversal pattern. So it must come at a exhausting point! And for this to take place it must be in an uptrend! Meaning price must be trying to climb a hill but roll over . Many times we see a so called head in shoulder going sideways in a range ! That’s isn’t a head n shoulders that’s a range! The head should be the climax the high of the hill the last shoulder represents the failure to go higher . So if price is moving sideways there isn’t a failure to achieve! That why we call it a classic hs
As the head and shoulder performance is greater than 75% the classics one ☝🏾
It’s worth trading and we usually don’t see that fake out with them as with the fakers.
Now here we also have a mountain double top
When you have two patterns within each other it’s called a nested top
As all reversal pattern are double tops variants when it’s nested the probability increases.
As from my recent post I’d explained how important probability is and we should look to increase it at every turn .
Tip
Entry markets at extreme rejections exhaustion and failure patterns alone cus all thing can be stopped you have to see the failure in the outside side you want to trade in and see the strength in the side u want to trade with
HOW TO TRADE LIKE THEM-
Check out this series as you’ll be surprise as I’ll explain how to trade them in the market as most preform different than how we are taught
So here we have the classic head and shoulders a
a head and shoulder
The pattern is a top reversal pattern. So it must come at a exhausting point! And for this to take place it must be in an uptrend! Meaning price must be trying to climb a hill but roll over . Many times we see a so called head in shoulder going sideways in a range ! That’s isn’t a head n shoulders that’s a range! The head should be the climax the high of the hill the last shoulder represents the failure to go higher . So if price is moving sideways there isn’t a failure to achieve! That why we call it a classic hs
As the head and shoulder performance is greater than 75% the classics one ☝🏾
It’s worth trading and we usually don’t see that fake out with them as with the fakers.
Now here we also have a mountain double top
When you have two patterns within each other it’s called a nested top
As all reversal pattern are double tops variants when it’s nested the probability increases.
As from my recent post I’d explained how important probability is and we should look to increase it at every turn .
Tip
Entry markets at extreme rejections exhaustion and failure patterns alone cus all thing can be stopped you have to see the failure in the outside side you want to trade in and see the strength in the side u want to trade with
HOW TO TRADE LIKE THEM-
