HEAD AND SHOULDERS PATTERN
- Rises to a peak and subsequently declines.
- Then, the price rises above the former peak and again declines.
- And finally, rises again, but not to the second peak, and declines once more.
The first and third peaks are shoulders, and the second peak forms the head.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:00 | ANZ Business Confidence | Sep | |
| 02:00 | ANZ Business Confidence | Sep | |
| 03:30 | Private Sector Credit | Aug | |
| 03:30 | PMI Manufacturing | Sep | |
| 03:30 | Non-Manufacturing PMI | Sep | |
| 03:30 | Private Sector Credit | Aug | |
| 03:30 | PMI Manufacturing | Sep | |
| 03:30 | Non-Manufacturing PMI | Sep | |
| 03:45 | Markit Final Manufacturing PMI | Sep |
