The support forum is built with (1) General and FAQ forums for common trading queries received from aspiring and experienced traders, and (2) forums for course video topics. How to Trade Price Action and How to Trade Forex Price Action videos are consolidated into common forums.
Brooks Trading Course social media communities
Kevvy, just to add more, could be wrong
100% Definitely wrong.....this is not a head and shoulders. Just a trading range with a slightly lower part in the middle..
It's not enough to see a pattern with a lower or higher peak in the middle. An inverse head and shoulders is a Major Trend Reversal pattern in a down trend (LL MTR).
In the screenshot provided, the pattern is entered from below, and continues higher, therefore this is continuation - not a reversal.
To be a H&S it would need to be entered from above, with MTR trendline break, new low and then reverse higher.
Kevvy, just to add more, could be wrong
Hi Kevvy,
The Head & Shoulders pattern is a trend reversal indicator. While it signals a potential reversal, it doesn’t always predict whether the reversal will be minor (suitable for scalping) or major (ideal for swing trading).
Your feedback is greatly appreciated! Could you take a look at this chart and share your thoughts? There is a broad blue bear channel that prices broke out of, and now the bears are attempting to resume the downward trend. The left shoulder is above the low, but prices closed outside the channel and are now attempting to test the lows.
I've already given you my thoughts. It is NOT a head and shoulders pattern.
For this to be a head and shoulders pattern, Point 2 indicated on your screenshot would be the lowest point on the chart. Price would need to enter an inverse H&S from above not from below as is the case here.
This was a gap down, sell climax and climactic reversal which formed a big trading range.
I'd suggest going over 27A and 27B again. Observe that in all of the head and shoulders examples Al shows, point 2 (as indicated on your screenshots) is always the lowest or highest point in the preceding trend.
Ironically, after all this discussion, today set up a perfect inverse head and shoulders on the Emini. 😂
You don't often see a pattern so perfect. This is a textbook inverse head and shoulders.
yes indeed 🙂
