Head and shoulders top
1. Introduction
Head and Shoulders Top is a bearish pattern consisting of three tops and two bottoms. This pattern means that the trend has reversed, forming a short-term downtrend.
2. Feature
2.1 The pattern contains three tops (left shoulder, middle top, right shoulder), and generally the bottom in the middle is the lowest point;
2.2 The two tops are roughly on the same horizontal line;
2.3 The price has recently broken downward through the neckline.
3. Example
600029 has a Head and Shoulders Top Pattern on June 18, 2021.
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