traders spot it One of the oldest technical analysis patterns, the head and shoulders is a reversal pattern. Because it is a time-consuming pattern, traders spot it quickly and trade it accordingly.

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 ...

SUI has dropped from $5 to $2.22 after breaking below the neckline of a head and shoulders pattern. The CMF and MACD suggest ...

Australian Dollar/ US Dollar “Price action in the AUDUSD since the October 2008 low has carved out what could be a head and shoulders continuation pattern. This is pure speculation at this point ...