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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| Time | Country | Indices | Period |
|---|---|---|---|
| 03:30 | NAB Business Confidence | Apr | |
| 03:30 | Retail Sales | Mar | |
| 08:00 | Prelim Machine Tool Orders | Apr | |
| 08:45 | Industrial Production | Mar | |
| 09:30 | Halifax House Price Index | Apr | |
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| 20:00 | FOMC Member Charles Evans Speaks | ||
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