By Investment U Research Team Head and shoulders pattern trading can be a great way to predict and capitalize on the end of a trend and an impending price reversal. A trend reversal formation, head and shoulders patterns are easy to spot thanks to their signature peaks (or valleys). Don’t confuse them with triple tops or bottoms, though! The head and shoulders pattern is more specific and, thus, easier to spot. It’s a relatively simple pattern to trade if you know what you’re looking for.
Parts of Head and Shoulders Pattern Trading
Like most patterns, the head and shoulders pattern represents what it looks like: …read more