The Head and Shoulders (H&S) pattern is a classic reversal formation, typically found after a mature uptrend. It represents a gradual loss of buying pressure and a transition toward a potential downward move.
The H&S pattern often signals the exhaustion of bullish momentum, a shift in control toward sellers, and the possible beginning of a deeper reversal (sell-off).
The H&S pattern often signals the exhaustion of bullish momentum, a shift in control toward sellers, and the possible beginning of a deeper reversal (sell-off).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.