[siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget] [siteorigin_widget class=”SiteOrigin_Widget_Button_Widget”][/siteorigin_widget] Open now your exclusive account to trade with 0 pips spreads and leverage up to 500:1   Head & Shoulders The Head and Shoulders Bottom (Reverse Head and Shoulders) is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, flanked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the first two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline – drawn between the two highs – to confirm the BULLISH reversal. The Head and Shoulders Top is the bearish counterpart signaling a major trend reversal downward.             Triple Bottoms The Triple Bottom starts with prices moving downward, followed by three sharp lows, all at about the same price level. Volume diminishes at each successive low and finally bursts as the price rises above the highest high, confirming the pattern as a sign of BULLISH price reversal. A Triple Top is the bearish counterpart signaling the reversal of a prior uptrend to form a new downtrend.             Triangles … Continue reading Guide to Chart Patterns