Chart patterns are part of buying and selling rules in technical analysis trading. Chart patterns give an important confirmation for the next trend move. The art is to distinguish that you are dealing with a continuation pattern, after which the price will continue its previous trend or a reversal pattern leading to a trend reversal.
The head and shoulders formation belongs with an accuracy of about 90% to the most reliable reversal patterns. The price moves in an uptrend. Only after the ...
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