Head and Shoulders Pattern: What is It & How to Identify?

Discussing the head and shoulders pattern, a widely used technical analysis pattern in the stock market. The pattern is a reversal pattern that signals a potential change in the direction of the market, and it is completed when the price falls below the neckline for the bearish pattern and rises above the neckline for the bullish pattern. The talk also explains how to identify the pattern by looking for peaks or troughs, drawing the neckline, and confirming the pattern with other technical indicators. Finally, we recommend you to take a course to learn technical analysis, including the head and shoulders pattern, for making better trading decisions - https://www.upsurge.club/course/basics-of-technical-analysis