Bearish Reversal Intermediate 83% reliable · Bulkowski

Head and Shoulders Pattern

Bearish reversal with three peaks: a higher middle peak (head) flanked by two lower peaks (shoulders). One of the most reliable reversal patterns in technical analysis.

Google Play App Store

Free · No account · Offline · 6 languages

Head and Shoulders OHLC sample. Highlighted box marks the pattern candles.

What's in the Head and Shoulders lesson

▸Annotated chart with the Head and Shoulders highlighted across the context candles.
▸Numbered identification rules covering body, shadows, color and position in trend.
▸The psychology of the formation: why buyers or sellers create this exact shape.
▸Practical tip on what to wait for before treating the pattern as a tradeable signal.
▸Quiz questions with explained answers, including this exact pattern.

Quick answers

Is the Head and Shoulders pattern reliable?

The Head and Shoulders has a 83% reliability rate per Bulkowski's encyclopedia, a statistical baseline. Confirmation candles and volume strengthen the read. The Candle Trader app has the full formation rules and a quiz.

What timeframes does the Head and Shoulders work on?

Candlestick patterns work on any timeframe, from scalping (M1-M5) through day trading (M15-H1) to swing trading (H4-W1) and long-term investing. The shorter the timeframe, the more false signals. Always check higher timeframes for context.