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Technicals

Broadening Top

A reversal pattern in finance, known as a "head and shoulders" pattern, is characterized by a series of at least three higher highs, followed by a series of lower lows. It typically follows a significant price increase and is confirmed by a third breakdown, often resulting in a much lower low. This pattern can be a useful indicator for investors to anticipate a potential shift in market direction.

Related terms

Bollinger bands

Understand the meaning and definition of Bollinger bands in the context of stock market, trading, and investments.

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Stochastic

Understand the meaning and definition of Stochastic in the context of stock market, trading, and investments.

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Support

Understand the meaning and definition of Support in the context of stock market, trading, and investments.

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MACD

Understand the meaning and definition of MACD in the context of stock market, trading, and investments.

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Breakdown

Understand the meaning and definition of Breakdown in the context of stock market, trading, and investments.

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