HEAD AND SHOULDERS
\hˈɛd and ʃˈə͡ʊldəz], \hˈɛd and ʃˈəʊldəz], \h_ˈɛ_d a_n_d ʃ_ˈəʊ_l_d_ə_z]\
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ATECHNICALANALYSIS charting figure of a security or index that features a supporting price plateau, followed by a spike, then a reversal to a second supporting price plateau; the formation of a head and shoulders might then lead to a BREAKOUT on the upside or downside. See also REVERSE HEAD AND SHOULDERS.
By Henry Campbell Black
Word of the day
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.