📉 Head & Shoulders Pattern — Time to Buy or Sell?
👀 Take a look at this chart pattern! The Head & Shoulders has one big peak in the middle (the “head”) and two smaller ones on each side (the “shoulders”). This usually means the price might stop going up and could start falling.
What does it mean?
It’s like the buyers are running out of energy, and the sellers might take control soon.
🔄 Retest Explained:
After the price breaks below the bottom line (called the neckline), it sometimes goes back up to “retest” it. Think of it as checking if the old support now acts like a ceiling (resistance). If the price can’t go back above that line, it’s often seen as a signal that the downtrend is real.
So, what now?
Many traders take this pattern as a sign to sell, expecting prices to drop.
But remember: no pattern is 100% certain.
What do you think — Buy or Sell?
Share your thoughts below! 👇
