Head and Shoulders

[Valery]

However it is not often when you manage to have such an ideal structure to have formed.

This includes 3 price extremes, the middle one is above the others (head), and the rest two are below the middle one and are roughly equal (shoulders).
All three are supported by neck.

Tips for building:

Building rules and trading alerts:

1. Head and Shoulders graphic pattern usually appear when bullish trend is over
2. Profit target is the space between neck and head laid down from break up point.

[vuanh]

this is a basic pattern. i see it in a chart. at the first time i like trade with pattern. it's basic of technical analysis .

[vuanh]

i have just get profit 300$ with this pattern. this is really effective . i think history will be repeat in future. we should belive in our signal.

[prapforex]

Drawing on previous/finished chart is easy. The most difficult is waiting in which direction the chart will go on..
So, I just suggest all of here to trade using EA. It more simple and easy to operate. my friend have using EA and attached in VPS. It have been running since 1 years ago and have making hundreds dollar from liteforex broker. Its really impressed me..

[balat1990]

i has trade with this paterm. when we see it. we can make bigger profit. i think this is great paterm

[Luckyalive]

I have more information about the issues that you mentioned.