Sometimes - ever so rarely - a technical pattern appears that hypothetically seems to tick all the boxes. For simplicities sake I am showing the Apple chart of the last 3 months with just the closing prices: Even the volume seems to fit the classic H/S pattern - stronger on the left shoulder than the right and higher in the head than in the right shoulder. For those more used to OHLC format: Only one thing more is shown - that the right shoulder was actually filling a gap opened on the left shoulder. Does this invalidate the H/S? Not sure I read anything in the literature about that. If we take the H/S theory than AAPL is due to tank about 6$. Of course the real question you have to ask yourself is, am I a believer? Just kidding - I have taken the view that this is a real indicator in this case and predict a fall to at least 165$ but possibly to 155$ in the next 3 weeks.