Glossary › right shoulder
Trading glossary · patterns
right shoulder
The last of three peaks in a chart shape that looks like a head between two shoulders.
The fuller meaning
The third peak of a head and shoulders top, or third low of an inverse pattern, usually at about the height of the left shoulder. Volume is often lighter on it; a rally back above the right shoulder after a neckline break marks a failed, or busted, pattern.
right shoulder.
Related words
apex · ascending triangle · bear flag · bull flag · busted pattern · chart pattern · continuation · continuation pattern · converging lines · cup and handle