A head and shoulder pattern is a chart pattern that forms a graph that looks like a head and shoulders. This is actually one of the technical analysis charts that typically represents a trend of price increase, then decrease followed by the highest increase and lead by a price decrease.
In technical terms, a head and shoulder pattern shows when a market is entering in a bearish market while existing from a bullish market. The pattern is one of the most reliable rice fluctuation patterns when the prices follow bullish and bearish trends as a whole.
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