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  • How To Trade The Head & Shoulders Pattern

    From orbex.com

    Standard and Inverse Head & Shoulders are two sides of the same coin and are the exact opposite of each other. That said, both signal the end of a directional move and hint at a reversal. A standard Head & Shoulders is always formed at the top of the chart and, upon successful completion, signals a bearish reversal. An inverse Head & Shoulders is the exact opposite. It is always formed at the bottom of the chart and signals a bullish reversal. Why Do Reversals Occur? In hindsight, price reversal occurs when the trend in any one direction is about to end. That is to say, a trend is about to change, either in the short ... (full story)

How not to trade it:

1) Don't.
"If The Fool persists in his Folly he will become wise." - William Blake
Total BS
For those who haven't figured it out yet. The markets are just a LITTLE bit rigged. Only an idiot will trade patterns.
Pattern trading ! haha.. interesting but you need to make sure that there is head that has to be there after trading these patterns. lol
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Price action + fundamental approach are still the best way
look for another confirmation to enter a trade
Only stupid people comment on a post without fully understanding it
Most traders are just morons playing with other people's money
most of the time, it works...
Quoting The Fool
How not to trade it: 1) Don't.
Exactly. H&S is just nothing to care about. In 50% of the ovations when the price cannot make higher high or lower low, just takes a break after which continues in the same direction. In the other 50% of the cases the price does the opposite- it reverses.

50/50. You need to look for another indication to determine the movement. S&H alone means nothing.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Totally historical trading, go spot these in real time. neck line breaks and suddenly the H+S pattern becomes a range and price shoots off stopping you out. I will make a video about patterns like this, and how you can turn your hit rate from a 50:50 into a 80:20 or greater, all I ask is that you support my channel, and I will expose the horse shit in the industry.

https://www.youtube.com/watch?v=fzxmYBlh9g4&t=296s
In the words of P T Barnum,

"There's a sucker born every minute."
As with every other indicator, chart pattern, technical analysis, price action, etc., etc., etc - it always works, except when it doesn't ! Go figure -

Here info without advertising objectives -

Head-and-shoulders bottoms
Head-and-shoulders bottoms, busted
Head-and-shoulders complex bottoms
Head-and-shoulders complex tops
Head-and-shoulders tops
Head-and-shoulders tops, busted

http://thepatternsite.com/chartpatterns.html
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LOL
Attached Image
Beware of robber banks (RB), bad advisors.
Most times price has gone far before you realise the pattern that is forming.
My take, study the price movement on the chart from left to right like a story book, then you will know what to do next.
Simple.
Learn... Work Hard... Trade Alone
hi all , does anyone know of any mt4 indicators that can scan and alert possible invert and normal head & shoulders patterns? thanks in advance
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
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  • Posted: Mar 6, 2020 11:04pm
  • Submitted by:
     Newsstand
    Category: Educational News
    Comments: 15  /  Views: 21,893