Tidbits, Technical Analysis: Head-and-Shoulders Formation 6/1/25
- Wright team
- 2 days ago
- 3 min read
Tidbits
President Trump said Friday evening he increased tariffs on imported steel and aluminum from 25% to 50%.
Head-and-Shoulders Formation
A head-and-shoulders formation is a technical indicator of a trend change from up to sideways or down. Such formations are formed on charts where one vertical line (a bar) represents the trading range for one day or one week. During a few weeks multiple bars form a pattern that resembles a head above a left and right shoulder. Usually, the formations are not perfect, but usually they can be easily seen if one is looking for a head-and-shoulder formation.
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