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What Happens after Head and Shoulders Chart Pattern?

A Head and Shoulders chart pattern is a bearish trend reversal signal which signals the current upward forex market trend is about to reverse once the Head and Shoulders chart pattern is confirmed.

The Head and Shoulders chart pattern is a pattern with three consecutive peaks where the second peak is slightly higher than the first and third peak which signals the upward trend is losing momentum & if price of the currency pair falls below the support zone which is the two lows between the three peaks then the Head and Shoulders pattern is considered confirmed & the price of the currency pair changes to a bearish trend.

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