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Head and shoulders (chart pattern)

Index Head and shoulders (chart pattern)

On the technical analysis chart, the Head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend; a characteristic pattern takes shape and is recognized as reversal formation. [1]

2 relations: Market trend, Technical analysis.

Market trend

A market trend is a perceived tendency of financial markets to move in a particular direction over time.

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Technical analysis

In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.

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Head and Shoulders (Technical analysis), Head and shoulders (technical analysis).


[1] https://en.wikipedia.org/wiki/Head_and_shoulders_(chart_pattern)

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