A head and shoulders pattern is bearish if the price drops below the second shoulder line. A typical head and shoulders pattern is characterized by an initial rally to a peak (the first shoulder ...

She has 15+ years of experience as a financial writer and technical analyst. The head and shoulders chart pattern is a popular and easy-to-spot pattern in technical analysis. It shows a baseline ...

XRP is creating the first lower highs since November 2024. The price is trading inside a head and shoulders pattern. Will XRP break down from this pattern, ending its consolidation? Interested in ...

We are referring to the head-and-shoulders pattern, comprising three peaks, with the middle being the highest. A horizontal line drawn from the base of the three peaks, the neckline, marks the key ...

When a bear market is ending, the head is always below both shoulders ... of 2009 almost two years ago from a simple measurement derived from the H&S pattern. That's valuable information.