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 |
|---|---|---|---|
| 02:01 | Rightmove House Prices | Feb | |
| 06:30 | Industrial Production | Dec | |
| 12:00 | Industrial Production | Dec | |
| 15:15 | Housing Starts | Jan | |
| 15:30 | Manufacturing Shipments | Dec | |
| 23:45 | Food Price | Jan | |
| 02:30 | Monetary Policy Meeting Minutes | ||
| 06:30 | Tertiary Industry Index | Dec | |
| 09:00 | Claimant Count Change | Jan |
