Is Head and Shoulders Commodities Trading Pattern Bullish or Bearish?

Head and Shoulders Commodities Trading Pattern

Head and Shoulders Commodity Trading Chart Pattern is a Bearish Commodities Trading Chart Pattern - Head and Shoulders Pattern is a Bearish Commodity Trading Signal Pattern

Summary:

• This Head & Shoulders Commodity Trading Pattern forms after an extended move upwards - commodity upwards trend
• This Head & Shoulders Commodities Pattern formation indicates that there will be a reversal in the commodities trading market
• This Head & Shoulders Commodities Chart Pattern formation resembles a head with shoulders thus its name.
• To draw the neck-line we use chart point 1 and point 2 as shown on the commodity example illustrated and explained below. We also extend this line in both directions.
• We sell when commodities price breaks-out below the neck-line: as explained on the commodity example illustrated and explained below.

What Does Head & Shoulders Commodity Trading Pattern Mean?

Or the head and shoulders commodity pattern can also form on a slanting neckline, like the commodity example illustrated and explained below:

What Does Head & Shoulders Commodities Trading Pattern Mean?

Example of Head & Shoulders Commodity Trading Pattern on a Commodity Trading Chart

Technical Analysis of Head and Shoulders Commodities Trading Chart Pattern - Example of Head and Shoulders Commodity Trading Chart Pattern

This Head & Shoulders Commodity Trading Pattern can also be formed on a slanting neckline, like the head & shoulders commodity pattern examples above, the neck-line does not have to be necessarily horizontal.