Definitions for "Head and shoulders top"
A geometric pattern comprising a top forming a left shoulder, a higher top forming a head and third top being lower than the head, forming a right shoulder. The pattern indicates a reversal of trend from rising to falling
a reversal pattern which occurs following an extended uptrend
A top reversal pattern resembling a head (with the highest peak) and two shoulders (lower peaks). If the price penetrates the line that connects the low points of the head (called the neckline), the pattern is completed.