So on UJ we see an Inverted Head and shoulders which is a sign of reversal. The reason this is a sign of a shift in momentum is because in a down trending market you have lower lows and lower highs but with an inverted head and shoulders you see a lower low in the head but it fails to make a lower high. Instead it comes back up to create what is known as a triple top and forms the right shoulder which creates a higher low which is another indicator of a shift in momentum. Now when trading a Head and Shoulders pattern the safest way to play it is to wait for the break and retest of the neckline(where price turned around in forming the Head and Shoulders) here on UJ we see two possibly entry points one at the neckline which price is sitting at now on the 38.2 retracement and another off the trenline that is forming which would also be off the 61.8 retracement. I hope this helped you in recognizing potential shifts in momentum so you can begin to catch the full move.
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