How to trade MIRRORED HEAD AND SHOULDERS?
Trend: Bearish
Type: Reversal
Timeframe: From 4h
Entry point: After breaking the neckline
Shape: Inverted head and shoulders pattern
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 above the neckline