What is technical analysis?
Technical analysis – forecasting price changes in the future based on the analysis of price changes in the past.It is based on the analysis of time
head and shoulders
Clairvoyance by EURUSD
here you go, on EURUSD formed, everyone's favorite, clearly defined figure Head and Shoulders. Possible options for further development of events:
1. Bullish bounce from the up line
2. Bearish breakdown of the line down
3. Wiring and Bulls, and Bears (ironing line)
4. Intermediate options are possible (not indicated on the diagram)
Psychological map of the figure “Head and shoulders”
Besides, that the charts show the price history of the financial instrument, accompanied by volume, they are also a reflection of human behavior.. And so, that they reflect the basic human character, they can be used, as a psychological map, if you learn to read them correctly.