How to trade HEAD AND SHOULDERS?
Trend: Bullish
Type: Reversal
Timeframe: From 4h
Entry point: After breaking the neckline
Shape: The pattern consists of three tops, the middle one is the highest. The pattern resembles a head and shoulders
Symmetry: Two shoulders are at the same level and are almost symmetrically located from the head and similar to each other
Volume: Ascending at left shoulder or head
Neckline: Lows between shoulders are forming a horizontal line
Confirmation: The pattern is confirmed when the price closes below the neckline