This pattern is comprised of three component parts:
1. After a long bullish trend, the price rises to a peak and subsequently declines to form a trough
2. The price rises again to form a second high substantially above the initial peak and declines again
3. The price rises a third time, but only to the level of the first peak, before declining once more
https://www.investopedia.com/terms/h/head-shoulders.asp
1. After a long bullish trend, the price rises to a peak and subsequently declines to form a trough
2. The price rises again to form a second high substantially above the initial peak and declines again
3. The price rises a third time, but only to the level of the first peak, before declining once more
https://www.investopedia.com/terms/h/head-shoulders.asp