BRVX Glossary · Head and shoulders pattern · Updated September 25, 2026

A head and shoulders pattern is a chart formation of three peaks — a higher middle peak (the head) between two lower ones (the shoulders) — that signals a possible reversal from an uptrend to a downtrend once price breaks below the neckline connecting the lows between them.

The formula

Target Neckline − (Head − Neckline)

The classic measured move projects the head's height below the neckline.

How it works

  1. Left shoulder First peak
  2. Head Higher peak
  3. Right shoulder Lower peak, then neckline break
On this page
  1. How traders read it
  2. Where it fails
  3. On BRVX
  4. Questions about Head and shoulders pattern

How traders read it

  • The pattern is only complete when price closes below the neckline.
  • Volume often fades on the head and right shoulder.
  • A retest of the neckline from below is a common second entry.
  • The inverse head and shoulders, three troughs, signals a possible bottom.

Where it fails

Many patterns never break the neckline, or break it and reverse back up. The measured target is a rule of thumb, not a forecast; a stop above the right shoulder defines the loss if the pattern fails.

On BRVX

The BRVX chart is TradingView with drawing tools and timeframes from 1 minute to 1 month, so a neckline can be drawn directly on the price. Stock perpetual quotes on BRVX keep moving on weekends, so patterns form without the Monday gaps a stock exchange chart shows.

Related terms

Questions about Head and shoulders pattern

Is head and shoulders bullish or bearish?

The standard pattern is bearish; the inverse pattern is bullish.

How reliable is the head and shoulders pattern?

It is one of the better-known reversal patterns, but it fails often enough that a stop is essential.

Which timeframe is best?

It is more meaningful on daily and weekly charts than on minute charts.

Head and shoulders pattern: next steps on BRVX

Spot Head and shoulders pattern on BNB/USDT: TradingView chart, one of 41 markets, up to 100x, 0.05% a side, prices moving at weekends too.

Read next: Chart patterns, Support and resistance and Technical analysis.

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