Head and Shoulder Pattern Explained | Best Trading Strategies & Tools | with English Subtitles - YouTube

Hi there Guys, Welcome Back. This is Kishore here, Founder & CEO of Trade Achievers

Today we are going to look into a new topic, am planning to continue this as a Series

Now we have many new Traders coming in, you may have also seen large scale increase in PAN India trying to Trade

Increase in Total Number of Traders & Total number of Demat Accounts Opened

Many new Traders are Entering in to the Market, and lot of News & Awareness about these are spreading

So people started to Believe in Stock market & think it as other source of Investment, because, when we Talk about Investing we always invest in Land & Gold, so people`s mind has started to turn towards stock market

so these new Traders, they don't know where to start, where to Invest, they are fresh as new, so people lean or depend towards recommendations

People go to where, "Someone said to Buy, someone said to Sell & Told to Buy this Stock, Buy that Stock"

So with these Recommendations, they will only have an Idea but since they don't analyze using Fundamental & Technicals on their own, they`ll lose their capitals before they find out which is useful & which is not.

for Example, if someone is Introduced to the Indicators World

and they plan to Trade with indicators like RSI, stochastic and many more

they don't know, whether it will work or not

some say it works & some say it doesn't

but before he finds out whether it works or not, he may have lost his capital or made profits

but the Time gets wasted

so these are some issues, & even in Technicals, it can Trendline, Support & Resistance, or Fibonacci, will these work or not? so these are all questions for newbie traders, sometimes even for existing traders who are looking for new strategy

so for that reason, for the benefits of the newbie Traders & Experienced Traders we are starting this as a New Series

So this Series is called, The Best Trading Strategy & Tools

It can be any Tools or Indicators

what are all the Strategies

So I am planning to Review all these, so this gonna be the 1st Episode

You may all seen Food Reviews & Tech Review, but this Strategies & Tools Review

Looking at Indicators, we have Many like RSI, Stochastics, Moving Average

Looking at Technical Tools, we Have Trendline, Support & Resistance, Fib Retracement & Extensions & Many more

& even Trend, Trend Line

so with all these as a Whole, as Professional I`d like to Give my Input as a Review

& I`ll Review it & give it a Rating, so that's why we started this New Series

So you can also suggests some Indicators which you have seen in the Comments, if you wanna know whether it works or not, so we`ll look at the Background of it, & provide you my Professional Insights

even in Trading View we have the Time Skip option, so we'll try to run it Through them, find out what we can Find through my Professional Insights

So Today we are Gonna look about the Head & Shoulder Pattern

Many would have Heard about it, But New Traders may have not Heard about it.

Whereas Old Traders who use Advanced Pattern will know about it

so as a Professional, I am going to let you about the Pros & cons of the Head & Shoulders Pattern, how much is it useful, where we can use it.

[Intro]

1st Let me Show you what is Head & Shoulder Pattern

We have tools for that, but if I draw it`ll be more easier

Now a Market is Moving from Down to Up

Then it gives a Small Correction

Then it Goes up again

then it comes down

again it goes up and comes down, now we have a shoulder

so this is what we call it as a Head & Shoulder Pattern

so this is what we call it as a Head & Shoulder

so when we say Head & Shoulder, what are those are

these 2 we call it as a Shoulder

and this is what we call it as a head

so if you see it just a Human Body with 2 Shoulders & a Head, but this is Formed as a Pattern "Head & Shoulder Pattern"

So Head & Shoulder Pattern Traders know that, this is Called as Neck

the downward peak between the 2 shoulders is called as Neck

so this is what we call it as a Left Shoulder

we call this as a Head

and we call this as a Right Shoulder

So this is Left Shoulder, Head, Right Shoulder & this is Neck

So normally Pattern Traders Know that if the Neckline Breaks, we can go for Sell

Likewise, where to put the Stop loss, so for that there are many Methodologies

so this is the Basic Head & Shoulder Pattern

so in Trading View, we have Head & Shoulder pattern tool made ready

if you use that, it will be more colorful

if you use that, it will be more easier

so this it what you call as a Head & Shoulder Pattern

if the Market Breaks the Neckline, we`ll be going for sell, but there are some more rules for that

Now lets see how useful is this Head & Shoulders Pattern

As far as Head & Shoulder, it has been of a Great Use, even to me.

Even when I am analyzing the Market, or even when I Give the Penny Stocks too, many of you have even welcomed it

so when I gave those picks, you witness of how they Performed, they gave good profits

so for those penny stocks, I used Head & Shoulders for many Picks

Now let me show you a Small glimpse of it, see it for yourself

it has been travelling in a Head & Shoulders Pattern for these days

now market broke the Head & Shoulders Pattern too

so Andhra Sugars is in my Portfolio for this Month

[Performance of Andhra Sugars]

Coal India - This is a Very Good Head & Shoulders pattern

so this has finished the Head & Shoulder if this starts to move up, we`ll get good profits

[Performance of Coal India]

First we are gonna see Bright Com Group

it has formed a Long Inverted Head & Shoulders in Weekly Time Frame

now already breakout also finished

so this is a Good stock to buy for a Long term

[Performance of BCG]

so you would`ve seen for yourself, these pattern not only gave me a Good returns, but also many of you who traded those stocks reaped the benefits

Head & Shoulders will come under a Different Category, we are gonna see 3 different segments like, Trading Tools, Indicators & Patterns

When we say Patterns we have Harmonic Patterns, Elliott Waves and many more

so from that many what we saw today was Head & Shoulders Pattern

so Head & Shoulder Pattern "WORKS"

so if you use the Head & Shoulder pattern Properly, then it Really Works

Like wise, it also fails at sometimes

so we`ll also look at those failures

Alright, this is AUD(Australian Dollar)

I have taken AUD/USD

So finding a Pattern is not so Easy, its not a Beginner Level its a Expert Level analysis

so if we look at the Difficulty Level, when we categorize it as Amateur, Intermediate & Expert, this comes under Expert

many don't know where to find it

so when look at a chart, they only see the ups & downs of the Market, but couldn't locate it where the pattern has formed

so here, there is a Clear head & shoulder pattern formed

here there is Neck, left shoulder & head, and market broke the Neckline, and market also gave a good Target

so the head & Shoulder has perfectly worked here

so likewise, there are many Head & Shoulder in many places, ill show you that

Next this is in EUR/USD

here market formed a Head & Shoulder pattern, yet it Failed

here the market closed the Neckline, but again it started to go up

so we have to understand where Head & Shoulder work, & where it doesn't work

only then we can safeguard our Investment

in the same chart, there was an Inverted Head & shoulder pattern here

here, the market broke the Neckline of Inverted Head & Shoulder & Market went up

so one worked & the other didn't, why because we should always go along with the Trend

we shouldn`t buy & sell just as you wish, or since you found a Pattern in the Market

so cant just Trade with Head & Shoulders, but there are some Factors that support this Pattern

It can be Trend or Trend Reversal

or finding the Support & Resistance, & levels of Fib too

so when you use these factors and back it up with the Head & Shoulders, the winning Probability & Profitability will be more

Likewise, we can also safeguard our Risks too

so when you not only depend on one thing, but you add additional factors & help, you`re level of Trading will be Magnified

so when you look at them too alongside, it will be better

now let me show you 4 or 5 clips where head & shoulder worked & where it didn't

[Successes & Fails]

so I cant show you all the wins & fails, so this is just a Review as I said earlier

I told you we are gonna review each & every pattern, tools & Indicators

I have seen 100s & 200s of Head & shoulder`s Win & fails, but I can`t show them all to you & waste your Time

and we cant make such a big video too

so I took some these major wins & fails and showed them to you

so as per my View & Professional Insight, how much it works & how much it doesn't, so I can give it a Rating of 80% - 86%, so it almost works 80% - 86% in the Market

so Head & Shoulder, we can give a average rating of 83% out of 100

8 out of 10 trades will give you the right returns

if you have seen my videos, you would've know, I used them to give those picks

Why because it gives you Good Returns & it also give you the correct projection of the Market

Using head & Shoulder

That's why I am saying you can use Head & Shoulder very well, but along with that you need to add Trend, Trend Reversal, Support & Resistance, so you should not depend only upon Head & Shoulder, but use some add-ons

when you use them correctly it will be better

so new Traders can use Head & Shoulders and Trade, but you need to how to use them, & the rules & regulations for Them

so I hope this Video was Useful

At the Same, if you wanna Learn about all these Tools & Patterns, we at Trade Achievers we Teach people

We Teach how to use Each & every Tool

so normally when you search Head & Shoulder in the Internet, you may get many Videos, but our Teaching is Fully Based upon rules regulations which I have derived from my Experiences and where it works & where it doesn't

in our rules, we have a Special Shoulder as a Separate Topic

so we Teach, where to use all these special scenarios

Incase, if you wanna Learn all these, we have classes for that, kindly give a call in the Scroll

Classes are starting on Monday of every week in Chennai, Coimbatore & Bangalore

And on Every Saturdays we have weekend classes too

Incase if you cant come at any Branch, we have online classes too

coming Thursday we have Online classes too

so you wanna in-depth Details about the classes, call us at the number Given in the Scroll

I hope this Video was Useful

one more thing many of you were asking about the Combo Offer

and we have prolonged the Combo offer for few days more

and the combo deal is still available

so these Patterns Harmonic patterns, Elliott Waves are taught in that Advanced Pattern classes, so we have 2 combos, Price Action + option and the other one Price Action + Advanced pattern

so these Patterns are taught in those combo deals

To know more details, call the Number in the Scroll, they will give you all the Details

I Hope this Video was Useful, Thank you Very much for Joining In.