Trading Head and Shoulders Failure

Head and Shoulder Failure

Trading Head and Shoulders Failures Pattern

The chart above illustrates an example of a "Head and Shoulders" pattern failure. A trend line is drawn connecting the bottoms of the "Head and Shoulders." The "Head and Shoulders" failures occur when prices failed to close below the trend line.

1. Enter a "long" trade above the "high" of the right side shoulder.

2. Place a "stop" order below the neckline for trade protection.

3. Target the depth range from head to the neckline from the trade entry.

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