"Head & Shoulders" pattern, and mentioning the ticker symbol "
NKE
," which represents Nike, Inc., a well-known athletic apparel and footwear company. The "Head & Shoulders" pattern is a technical chart pattern that traders and analysts often use to predict potential trend reversals in stock prices.
The Head & Shoulders pattern typically consists of three peaks or highs: a higher peak (the "head") between two lower peaks (the "shoulders"). This pattern is considered bearish, indicating a potential reversal from an upward trend to a downward trend. The pattern is triggered when the price breaks below the neckline, which is a support level connecting the lows of the shoulders.
NKE
," which represents Nike, Inc., a well-known athletic apparel and footwear company. The "Head & Shoulders" pattern is a technical chart pattern that traders and analysts often use to predict potential trend reversals in stock prices. The Head & Shoulders pattern typically consists of three peaks or highs: a higher peak (the "head") between two lower peaks (the "shoulders"). This pattern is considered bearish, indicating a potential reversal from an upward trend to a downward trend. The pattern is triggered when the price breaks below the neckline, which is a support level connecting the lows of the shoulders.