Head and shoulders top

1. Introduction

Head and Shoulders Top is a bearish pattern consisting of three tops and two bottoms. This pattern means that the trend has reversed, forming a short-term downtrend.

2. Feature

2.1 The pattern contains three tops (left shoulder, middle top, right shoulder), and generally the bottom in the middle is the lowest point;

2.2 The two tops are roughly on the same horizontal line;

2.3 The price has recently broken downward through the neckline.

3. Example

600029 has a Head and Shoulders Top Pattern on June 18, 2021.