how reliable is a head and shoulders pattern 
the most common entry point is a breakout of the neckline with a stop above market top or below market bottom the right shoulder the profit target is the difference between the high and low with the pattern added market bottom or subtracted market top from the breakout price the system is not perfect but it does provide a method of trading the markets based on logical price movements can head and shoulders turn bullish an inverse head and shoulders also called a head and shoulders bottom is similar to the standard head and shoulders pattern but inverted with the head and shoulders top used to predict reversals in downtrends it is a bearish to bullish indicator 