TechnicalsShort interest ratio Public book Williams %R Fibonacci ratios and retracements Downside Volume Momentum divergence
Head and Shoulders Top
Let's dive into one of the most recognizable patterns in technical analysis: the triple top. This pattern is defined by three peaks, with the middle peak being the highest and the first and third being lower. The first peak usually has a high volume, which then declines on the next two peaks. Once the "neckline" (an extension of the line connecting the troughs) is broken with heavy volume, the pattern is considered complete. The inverse head and shoulders is the same pattern but upside down, with volume increasing throughout the pattern.
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