Category:HST

Head and Shoulders Top, a bull continuation pattern in both bull and bear markets that sometimes is a reversal pattern.

• every HST also has a DB formed by the low before and after the head
• every HS pattern is also a TR and therefore a BOM
• if there is a good buy signal bar and many bull bars, 40% chance of BO above the head and about a MM up
• if there is a good sell signal bar and many bear bars, 40% chance of about a MM down (for e.g. 20230310)
• most often, the pattern is not strongly bullish or bearish and the TR continues, even if there is a minor BO above or below.