Head and Shoulders Traded Pattern

One of my favorite patterns is the Head and Shoulders because it looks so obvious but in reality it’s hard to trade. The reason being is that most traders will enter after the head has formed and then get squeezed out of their trade on the right shoulder. Or, they enter after the right shoulder has formed and then get squeezed or taken out after moving the stop to break-even on the retest of the neckline. Either way, this pattern is not as simple as it looks.

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