can there be two head and shoulders side by side?

Enivid

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Staff member
Nov 30, 2008
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Odesa
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The inverted H&S is there. The normal H&S after that is not a valid pattern yet because H&S requires a formed right shoulder. Besides, H&S should be topping an uptrend to be tradable. This one (even if it forms) won't be topping an uptrend.
 

Jotori

Trader
Oct 23, 2020
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Keep on mind that there is also formation called Neckline. It includes there tops or bottom lines. They are quite useful as there is no mistake that market reversal is ahead.