Head & Shoulders
BearishA shoulder–head–shoulder shape — a classic pattern when a trend rolls over near the top
Textbook shape
How to read it
Three peaks with the middle one (the head) highest and two similar shoulders. The right shoulder stalling near the left shoulder's level — well short of the head — signals the trend's driving force has cooled.
The line through the two pullback lows is the neckline. The pattern completes when the close breaks it after the right shoulder.
Real example
US stockMRNADaily
Completed 2020-09-08
CryptoXRP-USDDaily
Completed 2024-01-05
A window SQMATE's detectors actually flagged in past bars. It records a day that worked out — the same shape doesn't always resolve the same way.
On SQMATE
No more eyeballing charts
You don't have to flip through charts hunting for shapes. Signal watch pings your browser the moment a condition is met, patterns on your watchlist arrive by email, and the screener lists every symbol that matched today.
SQMATE draws the lines
Support lines, trendlines, channels — the lines you need to read a pattern are drawn for you, so no time goes into drawing.
Patterns aren't the whole story
The same shape doesn't always resolve the same way. It's safer to read it together with candles, volume, and market context — news, catalysts, flows.