Day 3 of the 5 Day Mini-Course: Head and Shoulders Pattern – How to Trade it with the Pros and Leave the Amateurs in Your Dust.
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Dear Trader,
Welcome to Day 3. Understanding the nuances of a chart pattern can be the difference between making money or losing money.
Today you’ll learn the secrets of the Head and Shoulders Pattern. Most people think they understand this pattern … but they DON’T. And it’s too bad, because when you understand the signs of when this pattern will work and when it won’t, it can lead to some hugely profitable trades!
- Most people don’t know how to accurately identify a true head and shoulders pattern.
- It is usually defined in a way that doesn’t take into account that it’s supposed to be a reversal pattern.
- If it’s a reversal pattern, then you must have elements in the definition
that make a reversal highly probable. - There are nuances that can make it a very explosive pattern that produces fast profits.
After you finish this lesson, check out my free Trading Blog.
