This is one of the most popular and reliable chart patterns in technical analysis. head and shoulders is a reversal chart pattern than when formed, signals that the security is likely to move against the previous trend. The head and shoulders chart pattern illustrates a weakening in a trend by showing the deterioration in the successive movements of the highs and lows. The chart exactly showing what happened in our DSE. The chart formed two shoulders and one head and it has nick line. When it crossed its nick line then it went more down also price has decreased.
Chart Analysis
