Chart pattern · Reversal · Bearish
What is it, in one line
Three peaks, the middle one highest, both shoulders roughly level, joined by a rising or flat neckline.
Bearish · Reversal · verdict: Traditional claim, not yet measured here
Three peaks, the middle one highest, both shoulders roughly level, joined by a rising or flat neckline.
Method
Conventional target: A break below the neckline projects a decline roughly equal to the head-to-neckline distance.
Invalidated by: A close back above the neckline invalidates the pattern.
Traditional claim, not measured
This is the standard technical-analysis interpretation. It has not been tested against our dataset the way the candlestick formations have.