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Head and shoulders top

1. Introduction

Head and Shoulders Top is a bearish pattern consisting of three tops and two bottoms. This pattern means that the trend has reversed, forming a short-term downtrend.

2. Feature

2.1 The pattern contains three tops (left shoulder, middle top, right shoulder), and generally the bottom in the middle is the lowest point;

2.2 The two tops are roughly on the same horizontal line;

2.3 The price has recently broken downward through the neckline.

3. Example

600029 has a Head and Shoulders Top Pattern on June 18, 2021.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors.  It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.