The Head and 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 has completed. 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 and 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.
Wait a minute, are market makers now trying to communicate or what?? anyway, whatever it is, we are buying this pair when the market opens!! this was jst a retest to that breakzone in that falling flag continuation!!, and also on overrall we have an inverted H&S, that still tells us to buy this pair!!
FOREXCOM:AUDUSD
AUDUSD is forming Head and shoulder on Daily Chart.
Bullish after break of neck line.
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PLEASE LIKE AND COMMENTS IF YOU LIKE MY ANALYSIS*******
Hi guys,
Another rodeo coming? Wait for the end of the right shoulder formation to confirm the model and enjoy the next bull trend..
First possible goal 18 $!
Reasons for entry:
- Possible 1hr H&S pattern
- Price has rejected 0.7150
- Price is stagnating and showing a loss of momentum
- Possible weak Eveningstar candlestick formation on the 1hr timeframe
Entry Timeframe:
- 15 min bearish engulfing
- @0.7140
Stop Loss:
@0.7155 (-15pips)
Take Profit:
- Target 1 @0.7050 (+90pips) = Risk/Reward : 1:6.2
- Target...
As seen in NZDJPY in the weekly time a frame a head and shoulders patteern is forming of the right shoulder for a clear reversal bearish wick has been done. A nice long sell is underraps as from Today progress till March once that head and shoulder has progressed. NZDJPY is clesrly going down for the rest of the month.
This is my first chart and it's a lot harder to post than to read and comment on others work :).
I noticed a H&S pattern forming on top of the market after a hot rally and retrace. I know the 1h timeframe is not so solid but I am doing a paper trade to learn.
I am willing to try a small scalp if the price breaks the local resistance at 1321, It looks like it has...
Good day Traders
As I'm sure everyone and their pet poodle knows, bitcoin had a triangle breakout a few days ago with all the volume we were looking for. If you see my previous post, I thought we would first drop to just under $3k for a dead cat bounce to $5200, however, we've averted the weekly EMA15 and EMA200 bearish cross for now. The market was impatient and...
Hello! I have for you a very interesting long idea:
Pair: USDCHF
Trade: Long
Time Frame: M30
Strategy: Harmonic Formation
All details available on the chart, but if you need - please comment and let's discuss.
Please support the setup with your likes, comments and by following on TradingView.
hey guys,
let me share with you a really good example of trading a harmonic gartley pattern with c confirmation signal.
first of all we need to identify a potential reversal zone for our trade.
on a higher timeframe just look left and find a range between two significant levels of...
hey guys,
this evening on pound dollar I have a nice reversal pattern for you.
on a daily t/f you can notice that the market has recently met a decent level of structure after a nice bullish impulse.
on an hourly timeframe we see a nice confirmation pattern.
+ take into account very...
Recently FCC alerted its members of a potential INV H&S pattern forming on ADA and the great opportunity to buy at the test of the daily SMA100 as support where the right shoulder peak was set. Since this time we can see price has been on a steady climb! I am now releasing this chart to the general public with 2 strategies for entering. The first option is to...
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