- LOL not perfect but I'm suggesting a potential H&S =)
As always - hit me!
Price Trend - Upward leading to the pattern
Shape - Looks like a head perched atop two shoulders. A 3-peak pattern with the middle peak above the others. The pattern should look like a person’s head and shoulders, proportional, and not lopsided.
Symmetry - The two shoulders should peak near the same price, be nearly the same distance from the head, and look similar (both wide or both narrow peaks).
Volume - Highest on the left shoulder followed by the head. Trends downward 61% of the time. (Fails this I know)
***Velocity - A high velocity rise leading to the pattern often results in a larger decline post breakout. ***