How Do I Analyze Head and Shoulders Chart Pattern?
A Head & Shoulders pattern is a bearish forex trend reversal trading signal which trading signals the current upward forex market trend is about to reverse once the Head and Shoulders chart pattern is confirmed.
The Head & Shoulders chart pattern is a pattern with three consecutive highs where the second high is slightly higher than the first and third high which is interpreted that the upwards forex trend is losing momentum & if forex price of the forex pair falls below support level which is two lows between the three highs then the Head & Shoulders chart pattern is considered completed & forex price of the forex pair changes to a bearish forex trend.

How Do You Interpret Head and Shoulders Chart Pattern?


