Head & Shoulders
Central peak higher than two side peaks. Classic bearish reversal.
Bearish reversal
Difficulty: ●●●○○
Reliability: 7/10
Three peaks: left shoulder, head, right shoulder. Draw neckline under the two lows.
Down target = vertical distance head → neckline, projected down from neckline.
Inverse H&S = bullish reversal at trend bottom.
When to look
At top of extended uptrend.
Confirmation
Neckline break with volume. Possible retest before the drop.
Also called: ETE, head and shoulders, H&S