HEAD AND SHOULDERS
\hˈɛd and ʃˈə͡ʊldəz], \hˈɛd and ʃˈəʊldəz], \h_ˈɛ_d a_n_d ʃ_ˈəʊ_l_d_ə_z]\
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ATECHNICALANALYSIS charting figure of a security or index that features a supporting price plateau, followed by a spike, then a reversal to a second supporting price plateau; the formation of a head and shoulders might then lead to a BREAKOUT on the upside or downside. See also REVERSE HEAD AND SHOULDERS.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).