April 18, 2024

Head and Shoulders Pattern

Head and Shoulders Pattern is a trend reversal chart pattern that often found in stock market. It comprises of two peaks with a bigger peak in the middle and two smaller peaks on either sides of the big peak. This pattern is considered as a key indicator of a potential trend reversal. It is used by technical analysts to predict the market direction and to identify potential breakout points and entry points. Head and Shoulders Pattern is used to measure the market strength and the market momentum. It also helps traders take well-timed and informed decisions to make profits in the stock market.

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