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Head and Shoulders

How to Use Drawing Tools on TradingViewThis tutorial video discusses why and how traders use different types of trading tools, how to access the trading tools in Tradingview, and a few examples of how and why you might apply them. Learn more about using Tradingview to trade futures with Optimus Futures: optimusfutures.com Disclaimer: There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital. We are not responsible for any third-party links, comments, or content shared on TradingView. Any opinions, links, or messages posted by users on TradingView do not represent our views or recommendations. Please exercise your own judgment and due diligence when engaging with any external content or user commentary.
CME_MINI:ES1!Education
by OptimusFutures
Inverse Head & Shoulder Tutorial An inverse head and shoulders pattern is the opposite of the head and shoulders pattern and signals a potential bullish reversal from a downtrend to an uptrend. Here's a breakdown of its key components: Left Shoulder: The price falls to a trough and then rises back to a resistance level. Head: The price falls again to a lower trough and then rises back to the same resistance level. Right Shoulder: The price falls again but only to the level of the first trough, then rises once more. The pattern gets its name because it resembles an upside-down head with shoulders on either side. The neckline is the resistance level connecting the highest points of each peak. Types of Inverse Head and Shoulders Patterns Inverse Head and Shoulders Bottom: This pattern signals a potential reversal from a bearish trend to a bullish trend. How to Trade It Breakout Confirmation: The pattern is confirmed when the price breaks above the neckline in an inverse head and shoulders bottom. Entry Point: Traders often enter a long position when the neckline is broken in an inverse head and shoulders bottom.
NYSE:XYZEducation
by RonnieV29
8
Head and Shoulder Pattern Please watch the video to understand how this pattern shapes. A Head and shoulders pattern is described by three peaks, the outside two called left and right shoulders which are close in height and the middle is the highest named Head. A Head and shoulders pattern describes a specific chart formation that predicts a trend reversal or a price consolidation in a very trendy market. The head and shoulders pattern is believed to be one of the most reliable patterns.
Education
by apadanaforex
How I trade Head and Shoulder Price Action Pattern/StructureHello everyone: In this quick educational video, I will go over how I utilize Head and Shoulder Pattern/structure in the market. Specifically, how I identify reversal price action from a Head and Shoulder Pattern. It's important to understand that Head and Shoulder Is a reversal structure in the market. When we identify these patterns, they are usually at the top or the bottom of the over price action, and its signaling a bullish or a bearish trend may be exhausted, and a reversal trend may begin. Typical H and S will have a bullish move up, followed by a continuation correction (Left Shoulder), and move up again. At the peak (Head) , instead of a continuation to push up further, we then see a reversal bearish push down. Then, we see price form that bearish continuation correction (Right Shoulder) now, looking to push the price back lower. Just like any other price action structures/patterns that I have been talking about, these structures/patterns will appear in any time frames, any market. So it's important to understand multi-time frame analysis and top down approach. A 5 min H and S pattern may not be that strong reversal to give you 100 plus pips because the HTF is showing us different bias. From my experiences, a H and S pattern works best when we spot on the LTF price action. When we have a clear bias on the HTF for a potential bearish reversal, we go down to the LTF to look for confirmation and entry. Remember a H and S pattern will not always be “textbook” perfect like you will learn from various courses/lessons. The market itself is not perfect, so remember that when you analyze the market. Last but not least, and inverse H and S is just a mirror of a typical H and S. It's just now you are spotting them at the bottom of the overall price action, and rather to reverse into a bullish trend. As always, any questions, comments or feedback please let me know. Thank you Jojo
OANDA:XAUUSDEducation
by jojofang0901
58
HEAD AND SHOULDER PATTERN ON GBP/JPY - June 2020YO TRADERS, This is just an educational post. Just thought of sharing how this HnS pattern formed and moved in the direction as expected. The video recorded is self explanatory on the formation of the pattern (Left shoulder - Head - Right Shoulder) formed between 3rd June 2020 and 11th June 2020. As you can see in the video this is perfect HnS pattern forming on the 4H pattern. While this pattern is a perfect text book example, HnS patterns do not always turn up like these. But when they do its important to make the most of it. After taking entry at the Neckline and price rejection the price moved 450+ pips in the downward direction before moving up again from the daily trendline. This is a positional trade and to achieve the max out of this you had to hold on to this trade for at least 10 days. The best way to maximise this was to use a trailing stop and then chill. Hence, its always important to look out for such patterns being formed and most importantly identify them. The no of trades you take are not important but the quality of one trade and riding on the profitable trade like this can make you a successful trader. Hope this was useful. Please like, share, comment and follow. Thanks Madtradex
Education
by Madtradex