A head and shoulders pattern is a chart formation that predicts a bullish-to-bearish trend reversal, whereas an inverse head and shoulders pattern predicts the opposite.
When the price of a stock climbs to a peak and then falls back to the base of the previous up-move, a head and shoulders pattern occurs. The price then rises above the previous high to form the "nose," before falling back to the original base.
The target spread is calculated as follows: The vertical distance between the head and the neckline should be measured. Calculate the distance between the breakout price and the breakout point (when the price first breaks the neckline after the right shoulder forms).
A simple moving average is the simplest approach to determine Nifty's direction. Below is a chart for the end of the day. A red line on the chart represents the 5-day simple moving average. The short term trend is up if the Nifty closes above the 5-day SMA.
Learner's Ratings
4.5
Overall Rating
77%
7%
10%
0%
6%
Reviews
A
Ayan Mondal
5
Best technical Analysis course for beginners to pro
D
Digvijay Dattatray Pawale
5
Good
A
Amir Tufail
5
So it's mean that Trends are 3 types : i) Bullish (ii) Barresh (iii) Siteway
And Traders are i) position trader (ii) Swing Trader (iii) Day trader (iv) Scalper Trader
B
Bhimani Nirbhay
5
good l
M
Mohd Abdullah
4
Nice
A
Akash Kumar
5
NA
B
Bhupendra Yadav
5
Sir Its Very Ausome Course And Your Tecnic Is Very For Teaching
D
Deepanshu Singh
5
Best Technical Analysis Course....
M
md arman
5
i watch this 4,5 times but really i don't understand the topic.
Share a personalized message with your friends.