Head & Shoulders

The Head & Shoulders pattern is an accurate reversal pattern that can be used to enter a bearish position after a bullish trend. It consists of 3 tops with a higher high in the middle, called the head. The line connecting the 2 valleys is the neckline. The height of the last top can be higher than the first, but not higher than the head. In other words, the price tried to make a higher high, but failed. The closer the 2 outer tops are to the same price, the more accurate the pattern.

If the price breaks the neckline and closes below it, the pattern is complete. Conservative traders may look for additional confirmation. The target can be estimated by measuring the height of the pattern (from the neckline to the head) and projecting this downwards. Common stop levels are above the neckline or above the right shoulder. The Inverse Head & Shoulders is the bullish version of this pattern that can form after a downtrend. TradingView has a smart drawing tool that allows users to visually identify this pattern on a chart.
SignalSwiss SignalSwiss TOP EURJPY, 60, a day ago
EURJPY: [EURJPY] Following the trade....
1041 5 53
[EURJPY] Following the trade....

Good morning Traders! Last week, we researched a BUY OPPORTUNITY (speculative) of EurJpy, we took long position on completed ABCD (see 3rd chart below), now we have to understand how to manage our long position, right? On H4 chart, we saw the possibility of H&S development (do you remeber? see updated 3rd chart below), if pair will be able to hold above the right ...

zippy1day zippy1day BTCUSD, 240, 19 hours ago
BTCUSD: BTC H&S in downtrend
234 0 10
BTC H&S in downtrend

Still running the channel and expect more down until we can find a bottom first stop low $800's and then to technical targets for the Diamond Top pattern where hopefully can continue trend upwards as I don't believe the Elliott Motive Wave has finished....time will tell?

dailypriceaction dailypriceaction PRO EURUSD, D, 4 hours ago
EURUSD: EURUSD Bulls Have a Steep Hill to Climb
49 0 7
EURUSD Bulls Have a Steep Hill to Climb

The EURUSD has enjoyed four positive weeks in a row since catching a bid at 1.0500. The pair continued its slow and steady rally last week with a Tuesday bounce from the 1.0712 support area. However, sellers have yet to achieve a daily close above the 1.0825 handle. This is a level that dates all the way back to 1999, so a break here isn’t likely to come ...

mbocon mbocon PRO AUDCAD, 240, Short , 13 hours ago
AUDCAD: AUDCAD shorting ideas
37 0 6
AUDCAD, 240 Short
AUDCAD shorting ideas

Hey guys, in my opinion, we have some reasons to short this pair. We have a possible flat as well as a possible double top forming, both indicating shorts. I am expecting price to correct completing a smaller Head and Shoulders pattern which would give me another reason to go short. Weekly RSI and Stochastics are at over bought levels, which also suggests going ...

teddyflow teddyflow EURUSD, 240, Long , 3 hours ago
59 0 4
EURUSD, 240 Long


ChadMartin ChadMartin EURCAD, 60, a day ago
EURCAD: eurcad
12 0 4

Would like to see the double top play out into the zone with possible consolidation into a rise or continue its drop. With the possible daily double top, there could also be a potential H&S setting up.

KatlehoMaleka KatlehoMaleka USDTRY, 180, Long , 4 hours ago
USDTRY: USDTRY. Possible Cypher pattern. Possible Inverse H&S.
49 0 3
USDTRY, 180 Long
USDTRY. Possible Cypher pattern. Possible Inverse H&S.

Possible bullish cypher pattern. Possible inverse head and shoulders. Possible bullish gartley pattern forming, completing at the right shoulder.

incomehack incomehack PRO EURJPY, 30, 6 hours ago
EURJPY: Butterfly & Bat in EURJPY 30M - But i don't trade it, WHY?
39 0 3
Butterfly & Bat in EURJPY 30M - But i don't trade it, WHY?

Trade with Harmonic Patterns is very profit As long as correct rules , but still do not blindly trade when see the patterns In this case we have 2 patterns : Butterfly & Bat But i do not trade this, why? Look in the chart, we have Head & Shoulders pattern, come along with RSI Divergence as long as have good down trend before Those patterns tell us good chance ...

matasem matasem PRO EURJPY, 240, Long , 11 hours ago
EURJPY: Head & Shoulder, Am I Right????
10 0 3
EURJPY, 240 Long
Head & Shoulder, Am I Right????

I draw all the possibilities based on the R&S areas, Head and Shoulder formation and all of these signs shows that EURJPY is long. Hope I am right?

SIUSHINGTO SIUSHINGTO DXY, D, Short , 11 hours ago
DXY: DXY H&S pattern
10 0 3
DXY, D Short
DXY H&S pattern

if the market break the basic trend line and the support, there'll be a huge room for any downside

WealthGod6 WealthGod6 AUDUSD, 240, Long , a day ago
AUDUSD: H&S pattern within' H&S pattern?... 4HR AUD/USD Analysis
28 0 5
AUDUSD, 240 Long
H&S pattern within' H&S pattern?... 4HR AUD/USD Analysis

Technically speaking this pair should be on the upside near term. Longer term to test the 52 week high as of 25/3/2017, the .7890-7920 level. Out on the daily a simple TCT trade is easily visible. As RBA Interest Rate decision draws nearer it maybe the definitive factor in pushing this pair to newer highs and higher lows. My eyes are on this opportunity for sure.

sadeghm9 sadeghm9 EURUSD, D, Long , 43 minutes ago
27 0 1

it can be a head an shoulders.

SeekingDelta SeekingDelta PRO UUP, D, Short , a day ago
UUP: UUP head and shoulders breakdown
24 0 6
UUP, D Short
UUP head and shoulders breakdown

UUP head and shoulders breakdown in progress. Hooray for commodities!

SwingSeek SwingSeek PRO GLD, D, Long , a day ago
GLD: GLD- Head&Shoulders completed
65 0 8
GLD, D Long
GLD- Head&Shoulders completed

GLD - H&S pattern completed, the neckline penetration is the point of purchasing at (119.50) price expected to to a slight correction in the price down to (117.24) then back to try to break through the neckline.

Batuhan_Usluel Batuhan_Usluel EURJPY, 30, Long , a day ago
EURJPY: EUR/JPY Head&Shoudlers Long
88 0 10
EURJPY, 30 Long
EUR/JPY Head&Shoudlers Long

EUR/JPY finished a Head & Shoulders pattern and is breaking the neckline. Buy at market open, with a TP @ 120.982. This is because the price range from the head to the neckline should be equal to the TP from the breakout. There is also a resistance area near our TP. SL @ 120.004 which is below the neckline RR Ratio of 3.68

wolfstreetswinger wolfstreetswinger CRIS, D, Long , a day ago
CRIS: cris - long bullflag continuation
36 0 8
CRIS, D Long
cris - long bullflag continuation

looks like bullflag continuation to me volume confirmation breaking the kumo senkou line. head and shoulder reversal is done big bounce off support should go higher

fxsniper99 fxsniper99 XAUUSD, D, Short , a day ago
XAUUSD: H&S, DTop or Breakouts
63 0 5
H&S, DTop or Breakouts

GOLD, possible Head & Shoulder if it reach the 1131.52 and possible double top; breakouts if breaks above 1263.74

Spikerama Spikerama CFO, D, 2 days ago
CFO: CFOAM FPO ASX Head & Shoulders
4 0 4
CFOAM FPO ASX Head & Shoulders

Possible Inverted Head and Shoulders formation or Triple Bottom. Wait for confirmation above neckline around .415

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