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Left Shoulder: The first peak formed before the main peak.
Head: The highest peak in the pattern.
Right Shoulder: A second, lower peak after the head, forming symmetry.
Neckline: The horizontal support line connecting the lows between the shoulders and the head.
Target: The estimated price drop if the neckline is broken (projected downward from the head to the neckline, then equal distance downward).
This forms a Head and Shoulders pattern, which is typically a bearish reversal signal. #FOMCMeeting #BTC #BearishPattern #BTCBearish #UpdateBTC