What is the meaning of Head and Shoulders?

When the middle price peak of a given tradable is higher than those around it.

Barry Goldsmith
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APABarry Goldsmith. (2010). head and shoulders. Retrieved September 20, 2026, from http://smartdefine.org/head_and_shoulders/definitions/1155318
ChicagoBarry Goldsmith. 2010. "head and shoulders" http://smartdefine.org/head_and_shoulders/definitions/1155318 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, head and shoulders, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/head_and_shoulders/definitions/1155318>.
MLABarry Goldsmith. "head and shoulders" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/head_and_shoulders/definitions/1155318>