Lessons › Chart patterns › Head and shoulders
World 3 · Chart patterns · lesson 9 · level 3
Head and shoulders
Three peaks with the middle one highest show buyers getting weaker, and breaking the neckline confirms the top.
What it is
Three peaks with the middle one highest, then a break below the neckline.
Your task in the app
Find the head and shoulders. Buy, sell, or wait?
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 27 | 37% | 63% | 0% |
| United States | 21 | 29% | 67% | 5% |
| Japan | 23 | 44% | 56% | 0% |
| Crypto | 300 | 40% | 54% | 6% |
| Forex | 19 | 32% | 58% | 10% |
| Commodities | 12 | 33% | 67% | 0% |
Counted on real past charts by the Trading Class research engine, 402 cases in all. Past odds, not a forecast.
Read more on the Head and shoulders pattern page.
Goal of this lesson: Identify a head and shoulders top and the neckline break that confirms it.