Head and Shoulder Chart Pattern Price Action | Tech MaMa-টেক মামা
Channel: PipSpider
Date: 04/09/2022

Head and shoulders:
called Head and Shoulders because the shape of this pattern on the price chart is similar to that of the human body including Left Shoulder, Head, and Right Shoulder.
The line connecting the two troughs of the shoulders is often called the neckline. In fact, this pattern is perfect when the Neckline is horizontal (the prices of the two lows are approximately the same).
Normally, when the pattern appears, the market will offer a Retest (Pull-back) point.