Traders should all be very causious and skeptical when it comes to the traditional and common technical analysis practices. They're simply not good enough, and in many cases can actually mislead instead of assist.
Having said that, I do have a slightly different attitude to the Head & Shoulders reversal pattern, but only when it's firmly inline with a solide C-Matrix setup.
That actually creats a very powerfull technical picture, that as a result, can produce top probability level convictions.
This recently establlished bearish position we initiated on the CAD/CHF is an excellent example of such a powerfull combination taking shape in real-time. Check it out.
