a Head and Shoulder pattern is very common pattern ,
they are everywhere and is probably reliable less than 40% of the time
but still ,,,,,,,
they only confirm when price action breaks the neckline
a Head Shoulder pattern only confirms ,,,,,,,,,,,,,
( when price-action has broken the neckline area )
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until then ---- you've got nothing !
Us Dollar
Here's a daily chart .................. :)
- just look at all that support
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Will it hold ? ............ I really don't know ...........
Only be aware that it's there :
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Us Dollar
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Hmmm ,,,,,,,,,,
What do we have here ?
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Only a Probability ! ................ Not Cast in Stone !