📊 Head & Shoulders (Top)
Left shoulder → higher head → right shoulder ≈ left → neckline break = reversal.
📋 Pattern Rules
- Head high > shoulders.
- Neckline roughly horizontal/diagonal.
- Breakdown through neckline on ↑ momentum.
🎯 Trading Plan
Entry: Sell the close below the neckline or on the throwback retest.
Stop: Stop above right shoulder high.
Targets:
- TP1 = 0.5 × (head − neckline) below neckline.
- TP2 = 1.0 × (head − neckline) below neckline.
📚 Study Points
- L — Left shoulder
- H — Head
- R — Right shoulder
- N — Neckline & measured move