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NZD/CHF Forms Head And Shoulders Chart Pattern

The head and shoulders chart pattern is a reversal pattern and most often seen in uptrends.

Not only is head and shoulders known for trend reversals, but it’s also known for dandruff reversals as well.

A head and shoulders pattern is also a trend reversal formation.

It is formed by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder).

A “neckline” is drawn by connecting the lowest points of the two troughs.

The slope of this line can either be up or down. Typically, when the slope is down, it produces a more reliable signal.

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23 Dec 2019 7:47 pm Posted by tamilforex

 
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