2026-07-29 17:51
IndustryHead and Shoulder Pattern
Approach 1 - Entering short trade directly when the price crosses the neckline (high risk approach but always in trade).
Approach 2 - Planning short trades when the price retraces, tests the neckline, and fails to make a trade above it (lower risk but the possibility of missing out on the trade in case the price fails to retest the neckline).
In either case, the height of the head from
the neckline can be used as the target.
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Head and Shoulder Pattern
India | 2026-07-29 17:51Approach 1 - Entering short trade directly when the price crosses the neckline (high risk approach but always in trade).
Approach 2 - Planning short trades when the price retraces, tests the neckline, and fails to make a trade above it (lower risk but the possibility of missing out on the trade in case the price fails to retest the neckline).
In either case, the height of the head from
the neckline can be used as the target.
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