Apple has always been bullish all this while Based on the chart, what looks like the head and shoulder pattern has been formed .  recently, Tesla went through a correction to $241 range after this pattern was spotted.  What Is a Head and Shoulders Chart Pattern in Technical Analysis? A head and shoulders pattern is used in technical analysis. It is a specific chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outside two are close in height, and the middle is highest. The head and shoulders pattern forms when a stock's price rises to a peak and then declines back to the base of the prior up-move. Then, the price rises above the previous peak to form the "head" and then declines back to the original