A graphic pattern “Head and Shoulders is a reversal pattern that forms after an uptrend (although it is also the patron Head – Shoulders inverse discuss in another article.) Confirmation of this pattern culminates in a change in trend from bullish to bearish. The pattern Head – Shoulders is composed of three consecutive maxima, being the center (head) larger than the other two (shoulders). Between the head and both shoulders are given a minimum at almost the same level are connected through a support line call neckline. Although …
