👀 Look at this Head and Shoulders pattern in the chart above! It has two smaller peaks (the shoulders) on each side of a higher peak (the head).
This setup often means that the bullish trend may be losing strength, signaling a possible turn downwards. In simple terms: buyers are getting tired and sellers could take control soon.
🔄 Retest: After the price broke down through the neckline (support line below the shoulders), it sometimes rises again to test that line.
This retest is like checking twice if that old support is now acting as resistance. Traders watch it closely: if the price cannot rise above the line again, many see it as confirmation that sellers are in control.
📉 Many traders expect a drop after a confirmed Head and Shoulders pattern – often seen as a signal to sell. But remember, no pattern is guaranteed 100%. What
do you think will happen next – Buy or Sell? Leave your answer below! 👇
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