The bearish head and shoulders

The bearish head and shoulders is an inversion figure. In particular, this figure reverses an uptrend. And it starts a bearish trend.

The figure begins when prices form the first shoulder. Then they retrace slightly, and then go up even more. Thus the head is formed.

At this point the prices come down and create the second shoulder. And in the end they break down the neckline, causing the new downward trend to start.