Head and shoulders

Shoulder–head–shoulder: the most famous topping pattern.

2026.06.03·3 min·

#head and shoulders#chart pattern#neckline

A head and shoulders pattern has three peaks in a row — left shoulder, head, right shoulder. The middle peak (the head) is the tallest.

PriceExample

Shoulder–head–shoulder. The dashed line is the neckline.

The key is the neckline. The pattern only completes when price falls below it — until then, it might just be normal wiggling.

Quick check

In a head and shoulders, what is the 'head'?

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