1. Rises to a climax and then declines, and then
          2. Rises above the previous peak and again declines, and then
          3. Rises again but not to the second peak and once more declines.
The first and third peaks are shoulders, and the second peak is the formation's head. This model is considered a very bearish pointer.

Head & Shoulders Pattern
This is a turnaround signature model. It can be either unconstructive, or. A head and shoulders pattern is one of the more general and reliable patterns. It is comprised of a rally which ends a quite extensive move forward.

Hedge An operation which reduces or offsets the risk of a present holding. A conservative approach used to limit investment loss by effecting a transaction which offsets an existing situation.

Holder Identification Number
A Holder Identification Number is owed by your stockbroking firm when you buy shares if you submit them as your support in CHESS.

Holding lock
A investment lock is a facility that prevents Securities from being deducted from, or entered into, a Holding pursuant to a shift or Conversion.

Horizontal Spread
A decision strategy in which the options have the same remarkable price, but different expiration dates.

High yield instalments
High yield Instalments are Instalments containing a higher gearing level when issued compared to usual ones.

Hybrid Exchange Traded Fund
A switch traded fund that can whichever be based on an index or be dynamically managed by the fund manager selecting the securities that he or she favours.