The Head & Shoulders pattern is one of the best patterns in technical analysis, which gives higher statistical accuracy. A higher accuracy results in consistent profitability. Want to master the Head & Shoulders Pattern? Let\u2019s dig deeper.<\/p>\n\n\n\n
The Head & Shoulders pattern appears on a chart as three peaks. One peak in the middle is slightly higher than the two peaks on either side. These three peaks form a \u201cHead\u201d and two \u201cShoulders\u201d, one on the left and one on the right. The Inverse Head & Shoulders pattern features one big trough in the middle, slightly lower than the two troughs on either side. These chart patterns<\/a> can be useful indicators of a major trend reversal but are among the easiest to misread.<\/p>\n\n\n\n The pattern can also have more than one left or right shoulder or head, known as a Multiple Head and Shoulders pattern. One type of complex pattern is called a Wyckoff distribution, which usually has a head with two left shoulders and a weaker right shoulder. <\/p>\n\n\n\n