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Mastering the Head and Shoulders Pattern: A Trader’s Guide to Spotting Reversals
One of the most iconic chart patterns in technical analysis is the Head and Shoulders . It is a bearish reversal pattern that originates after an uptrend , indicating that the main movement is running out, and that the price is about to change direction. With just a little practice, this pattern can be easily spotted on a chart: if you see three consecutive peaks, with the central one being higher, there’s a high probability that you’ve found one! The aim of this article is
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