According to technical analysts, pricing patterns such as the head and shoulders are indicators of potential:

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Head and shoulders patterns are known as reversal patterns, meaning they indicate a potential reversal from the current trend. The head and shoulders pattern typically forms at the peak of an uptrend and signals a potential trend reversal to a downtrend. Technical analysts use these patterns as an indication of a change in the direction of the market.

According to Technical Analysts, Pricing Patterns Such as the Head