Go back to Part 1: Head & Shoulders Top FormationImportant Characteristics of Head & Shoulders Top Pattern:Existing Trend:There should be an established existing UPWARD trend prior to the pattern.Shape of Head & Shoulders Top Pattern:1) Head & Shoulders:Ideally, the shape Head & Shoulders should be symmetry. The Left & Right Shoulders should peak at about the same price level. The Left & Right Shoulders should also about the same distance from the Head, which means the time duration to develop the formation between the top of Left Shoulder & the Head should be about the same as that between the Head & the top of Right Shoulder.However, in the real world, the Shoulders are rarely perfectly symmetrical. Sometimes, one shoulder is higher than the other, or...