The head and shoulders pattern is a bearish reversal pattern found at the top of an uptrend. It consists of three successive peaks. The middle peak is the highest, which forms the head. The two outside peaks are lower than the middle one and form the shoulders. You can draw a trendline connecting the reaction lows, which is the neckline of the pattern. You need to observe a change in volume when the breakout of the neckline occurs. Also, the broken support […]