HEAD AND SHOULDERS
The head-and-shoulders chart pattern is a popular and easy-to-spot pattern. As a rule, it is most often seen in uptrends and most reliable when found in an uptrend as well. Head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend.
The head and shoulders pattern is found after an uptrend or downtrend. It often indicates a change in market direction when the neckline of the pattern is penetrated. As a result, the market will move the same distance above the neckline as the distance between the neckline and the peak of the head. This situation is perfect to sell operations.
In an uptrend, the situation when the right shoulder level is lower than the left one indicates a strong signal for the upcoming downtrend. In a downtrend head and shoulders formation indicates a strong signal for the price rise. If the right shoulder level is higher than the left one, the signal for the uptrend becomes even stronger.
HOW TO BE A TRADER?
We invite you to meet Mekness investment world. You can follow the steps below to be an online investor with us.
-
You can fill the free demo account form on the side to open an unreal account and try the market without any risk.
-
You can apply to open a real account to enter the world of investment.
-
After depositing the initial investment you can easily start to trade.
LEGAL: This website is operated by Mekness Limited Registration No: 2024-00682.
Registered Address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
Operational Address: office number 202, Blue Tower Sheikh Zayed Road UAE Contact: +971 43 88 4268 |
Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss
of your invested capital. Your capital is at risk. Leveraged products may not be suitable for everyone.
Restricted Regions: Mekness does not offer its services to residents of certain jurisdictions such as USA, Canada, Japan, Iran, Federal Territory Labuan Malaysia, Cuba, Sudan, Syria and North Korea.