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- What’s Head and Shoulders?
Just to clarify here, when we mention “Head and Shoulders” in the trading world, we don’t mean the world-famous shampoo!
The Head and Shoulders strategy is probably the most reliable, and the most popular technical reversal pattern out there.
This is because it indicates the end of the established trend, signaling a reversal in the opposite direction.
What do we mean by that, you ask?
Well, the Head and Shoulders pattern is made up of three tops: the middle one known as the head, the top to the left which resembles the left shoulder, and the top to the right which is the right shoulder.
Additionally, there are two corrections that form the corresponding two bottoms, and the line connecting them is called the neckline.
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