Head and Shoulder
You probably heard of the Head and Shoulders chart pattern. There are two versions of the 'Head and Shoulders' in the markets. The pattern that resembles a human figure standing upright is the BEARISH version where we would like to see SELLS in the market.
The pattern that resembles a Human figure hanging upside-down is called the "Inverted Head and Shoulders" pattern where we would like to see BUYS in the market.
In this chart example, we have the Bearish version. The head (where the face is located) is often times classified as the stop hunt where liquidity is established. The stop hunt liquidity is where retail buyers are trapped.
An optimal entry for this pattern would be on the right shoulder (located on right side of your screen) with first targets aim at the neckline or beyond.
The pattern that resembles a Human figure hanging upside-down is called the "Inverted Head and Shoulders" pattern where we would like to see BUYS in the market.
In this chart example, we have the Bearish version. The head (where the face is located) is often times classified as the stop hunt where liquidity is established. The stop hunt liquidity is where retail buyers are trapped.
An optimal entry for this pattern would be on the right shoulder (located on right side of your screen) with first targets aim at the neckline or beyond.
For more value and signals, join the Skyboxpips community t.me/Skyboxpips
Follow us on Instagram @skyboxpips
Follow us on Instagram @skyboxpips
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.