Head & Shoulders Pattern Trading
- Thread starter wafikjabra
- Start date
my personal experience is that using / relying on this pattern for exact entry / tp / sl is the absolute wrong use. we arent looking for a perfect pattern. We are looking for a general pattern that resembles H&S. It can be tilted at many angles. also, the guy could be a weightlifter who looks like he only works out one half of his body... or some other malformation. Like maybe he was a soldier and had his right arm/shoulder blown off... and now has a prostetic arm/shoulder. In other words, It does not need to be an exact mirror. think of it this way when looking for a mirrored image using ourselves as an analogy while looking in a mirror- instead of expecting to see "YOU" when looking in a mirror, broaden your expectations to include "Something that resembles a Human Being". And dont forget - while H&S is present and can be generally reliable for action on every single timeframe, the only timeframes wherein H&S is HIGHLY reliable.... is Daily Weekly Monthly. The whole world will take note if EURUSD is forming an H&S on D1+. The whole world could give 2****s if EURUSD is forming H&S on the 1M 5M 15M 30M 1H 4H
It can be, but this head and shoulder, which is improbable to me, must not be underestimated if suddenly the financial markets were to enter into a negative phase.
alanrox
Corporal
- Messages
- 177
This bull run will break the neck for sure.
