Are all Head & Shoulders patterns bearish?

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The Head and Shoulders pattern is one of the most common and reliable reversal pattern.

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It is most reliable when it's formed after an uptrend. It is highly unreliable if it's formed after a downtrend.

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How to trade it?

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Trade is taken when the neckline is broken on closing basis with high volume.

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Target is calculated by projecting the height of the pattern from the neckline.

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Are all Head & Shoulders patterns bearish?

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The Head and Shoulders pattern is one of the most common and reliable reversal pattern.

Right time to trade?

It is most reliable when it's formed after an uptrend. It is highly unreliable if it's formed after a downtrend.

How to trade it?

Trade is taken when the neckline is broken on closing basis with high volume.

Target?

Target is calculated by projecting the height of the pattern from the neckline.