Episode 63 of Live Day Trading on Webull, we look at a Head and Shoulders technical pattern. This was on ticker symbol $BA (Boeing Stock). I was on the 30 minute time frame trading this for the entire trading day. The head and shoulders pattern is very easy to find and trade. you will see a left shoulders a head (higher up than the left shoulders) and then a right shoulder matching in height to the left shoulder and lower than the head.
When the head and shoulder pattern breaks the neck line you typically can see a bigger drop down. this goes the same for an inverse head and shoulders pattern but instead of breaking down, the pattern will break out to the upside.
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DISCLOSURE: I am not a professional investment advisor, nor do I claim to be. All my videos are for entertainment and educational purposes only.