Head and Shoulders Pattern
A head and shoulders pattern is a price chart formation signaling a potential reversal of an uptrend, defined by a peak (head) between two lower peaks (shoulders) with a neckline drawn across the troughs.
Example: An uptrend shows a left shoulder near $48, a head at $60, and a right shoulder around $54, with the neckline drawn near $50; a move decisively below $50 could be interpreted as a pattern development in practice.
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