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9. Head and shoulders⭐️⭐️

The head-and-shoulders pattern is formed of three highs: The central high is the greatest, forming the head of the pattern
It’s flanked by two lower points, which make up the shoulders
All three highs should fall to the same support level – known as the neckline – and while the first two will rebound, the final attempt should break out into a downtrend.

The head-and-shoulders is a bearish reversal pattern. Like the double top, the market hits a resistance level that it can’t move past. But here, the situation plays out a little differently, hitting a smaller high first, and then with buying momentum clearly falling as the final high doesn’t match the second.

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