Discover how the head and shoulders pattern signals trend reversals in technical analysis, aiding traders in identifying ...

A head and shoulders pattern is an indicator that appears on a chart as a set of three peaks or troughs, with the center peak or trough representing the head.

The Head and Shoulders Pattern Description and Trading Implications: The Head and Shoulders pattern is a reversal indicator, recognized by its three peak formations - a higher peak (head) flanked ...

Bitcoin’s (BTC) price could see a bullish trend reversal and “propel the next leg up” if the popular trading indicator known as the inverse head-and-shoulders pattern is confirmed, according ...

Stellar (XLM) is currently trading at $0.39, down 3% on the day and 4% over the past week. Despite the pullback, analysts are ...

But, as noted above, not a breakout of the head and shoulders pattern as the 65,523 marks that price level. If an upside breakout of the pattern triggers the 67,273-swing high becomes the next target.

BTC’s price action since late November has evolved into what technical analysts call a “head and shoulders” (H&S) pattern, which foreshadows a bullish-to-bearish trend change.

Last week, we confirmed a head and shoulders topping pattern for the S&P 500, giving a bearish tone to the major equity averages going into this week.

What to know: BTC’s latest drop may be setting the stage for a head-and-shoulders bearish reversal pattern. The completion of a pattern would signal an extended downside toward $75,000.

Technology and Real Estate sectors are showing breakdown patterns, indicating potential support level tests. Click here to read more.