"Good judgment is usually the result of experience and experience frequently is the result of bad judgment.
Head and Shoulders Patterns
Head and Shoulders patterns are reversal formations that usually form at the market tops. Head and Shoulders patterns are very reliable, but failures do occur. When Head and
Shoulders patterns fail, they reverse the pattern and trade in an explosive manner in opposite direction. M During the left shoulder and the beginning of the Head formations, the volume will be heavy. While forming, volume dissipates on the right shoulder, and the volume increases during the breakdowns.