Technical analysis by Mozart-BTC about Symbol SUI: Buy recommendation (1/11/2024)

A head and shoulders pattern is a technical indicator with a chart pattern of three peaks, where the outer two are close in height, and the middle is the highest.A head and shoulders pattern—considered one of the most reliable trend reversal patterns—is a chart formation that predicts a bullish-to-bearish trend reversal.An inverse head and shoulders pattern predicts a bearish-to-bullish trend.The neckline rests at the support or resistance lines, depending on the pattern direction.