Head and Shoulders Pattern
📈 Investing
intermediate

Quick Definition

The Head and Shoulders pattern is a chart formation that predicts a bullish-to-bearish trend reversal. It is recognized by three peaks, with the middle peak (head) being the highest and the two outside peaks (shoulders) being lower and roughly equal in height.

Examples

  • 1A stock price rises to $50, drops to $45, climbs to $55, falls back to $45, and then rises again to $50 before declining. This forms a classic head and shoulders pattern, indicating a potential sell signal.
  • 2During a market analysis, a trader identifies a head and shoulders pattern in the cryptocurrency market, suggesting a possible downturn after a period of bullish trends.
  • 3An investor notices a head and shoulders formation on a major index, prompting them to adjust their portfolio to mitigate potential losses.

Tags

chart patternstechnical analysisstock tradingmarket analysistrend reversal