Advanced Patterns: Part II (Head and Shoulders & Double Top) 👤📉🏛️
These are famous reversal patterns that visually depict a major trend potentially losing all its energy and trying to reverse.
• Head and Shoulders: An uptrend makes a new high (the head), then a lower high (the right shoulder), showing the final exhausted attempt.
• Double Top (or Bottom): Price fails to break a key level twice, creating a 'W' or 'M' shape on the chart.
These are significant visual events. Practice identifying these patterns on historical charts and notice how visually definitive they appear when a major trend finally changes direction.
⚠️ educational purposes only. Learn to spot the visual sequence of a major change in price structure.
May 5, 2026 32
