Head & Shoulders

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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 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 & 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.
MaryJane MaryJane LTCUSD, D, Long ,
LTCUSD: Cyclic vs. H&S pattern
333 0 11
Cyclic vs. H&S pattern

Trading above 48,5 (potential right shoulder) should initiate a buyingwave up to the ATH . Breaking the neckline means aiming direct 34$. Below 34$ a dip down to the ema 200 could be exspected

MaryJane MaryJane ETHUSD, 60, Long ,
ETHUSD: Is this a shortterm H&S?
348 0 6
ETHUSD, 60 Long
Is this a shortterm H&S?

former thread:

TrentAughey TrentAughey ETHUSD, 240, Long ,
ETHUSD: ETH Long - Reverse H&S Formed
321 2 4
ETHUSD, 240 Long
ETH Long - Reverse H&S Formed

I think there is a potential break out about to occur. Potential take profit level at 306.

BTCFailWhale BTCFailWhale VRCBTC, 240,
33 0 1
VRC BTC 4H Poloniex

A very solidly formed inverted H&S bottom. This looks like it could break to the upside for a quick scalp trade.

KevWim KevWim PRO LTCUSD, 480, Short ,
LTCUSD: LTC Head & Shoulders Pattern Developing
233 0 9
LTCUSD, 480 Short
LTC Head & Shoulders Pattern Developing

Head and shoulders pattern developing on Litecoin. After the Bitcoin run-up, this one may be primed for another pullback up to 25% from current levels.KRAKEN:LTCUSD

JakeWujastyk JakeWujastyk PRO CLF, D, Long ,
CLF: Needs to hold support (previous resistance)
8 0 4
CLF, D Long
Needs to hold support (previous resistance)

CLF had huge volume movement yesterday with the price breaking out to almost $8. Previous resistance is now acting as support.

FreshOilTrader FreshOilTrader PRO USDJPY, 60, Short ,
USDJPY: There are many H&S appear recently. Short USDJPY? Why not?
243 2 12
USDJPY, 60 Short
There are many H&S appear recently. Short USDJPY? Why not?

I have found many superb tools recently which I have started to use in a trading: H&S patterns, Heikin-Ashi candles, Channels, Triangles, C&H and others. H&S is my favorite one. // Left shoulder looks a bit higher, so prepare that rise still could happen without making setup invalid. RM is a mandatory - there are no simple trades.

Technician Technician PRO USDJPY, 240, Short ,
USDJPY: Trade 21: Shorted USDJPY
3554 25 109
USDJPY, 240 Short
Trade 21: Shorted USDJPY

Short at : 112.65--- T: 111.00--- SL: 113.70 Completed a four-hour head and shoulders top in the context of my previous bearish analysis, check the related posts below. For more details and all Stats Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your ...

slavior1992 slavior1992 PRO CHFJPY, 240,
CHFJPY: CHF/JPY Head and Shoulder w/ Triple Top 4H
18 0 6
CHF/JPY Head and Shoulder w/ Triple Top 4H We see a nice Head and Shoulders Patter on the 4H chart. News the morning of 7/20/17 shot the pait all the way up to retest the Previous resistance level of 117.50. When you drop down to the 1H chart, you can see that right when it touched 117.648 it shot back down with heavy force. Hopefully they trapped enough ...

MaryJane MaryJane BTCUSD, 60, Long ,
BTCUSD: Flag Attack?
1784 14 40
BTCUSD, 60 Long
Flag Attack?

s The trading marks should be clear... This is tTHE MoB: Trading above this Make-or-Break-Level should initiate a bigger buying wave....

Technician Technician PRO XAUUSD, 240, Long ,
XAUUSD: Trade 22: LONG Gold
2477 25 77
XAUUSD, 240 Long
Trade 22: LONG Gold

Long at: 1227 -- T1 : 1240 --- T2: 1256 ---- SL: 1218 Inverse head and shoulders breakout Poor U.S. dollar fundamental For more details and all Stats Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single trade. And If you are a ...

Technician Technician PRO AUDNZD, 240, Long ,
AUDNZD: Trade 19: AUDNZD Long
2761 32 112
AUDNZD, 240 Long
Trade 19: AUDNZD Long

I placed a pending buy limit slightly below market. Pending Long at : 1.0535--- T: 1.0797 --- SL: 1.0468 This trade is based on my forecast i published earlier. Check idea in related links below. For more details about the trade and all Stats since start of journey (May 11) Disclaimer: This is my trading experience, it is not an invite ...

marketmentor marketmentor BTCUSDT, 60,
BTCUSDT: Head and shoulders, declining channel.
229 2 7
Head and shoulders, declining channel.

If we'll see a forming shoulder, expect breakout and target 2040 and lower in 48 hours.

Akil_Stokes Akil_Stokes PRO EURUSD, 60,
EURUSD: EURUSD - H&S or TCT? - I'd Love To hear Your Opinion?
3537 87 64
EURUSD - H&S or TCT? - I'd Love To hear Your Opinion?

The $EURUSD is at a very interesting price point as we've retraced off previous structure highs and made our way to a previous power level of structural support. We're now stuck with the question of is this simply a retracement before the next extension higher? or Is this the start of a potential head & shoulders pattern which would signal a trend reversal at this ...

Technician Technician PRO AUDCHF, D, Long ,
AUDCHF: AUDCHF Another Head & Shoulders
866 1 59
AUDCHF Another Head & Shoulders

The price has completed an inverse head and shoulders pattern today. A decisive break of the neckline suggesting a bottom could be in place. Interestingly, the price is retesting the neckline of prior head and shoulders top that completed in late April. That area also includes the 200-days simple moving average, among 0.7480-0.7500. This area could form a ...

ForgottenInsights ForgottenInsights BTCUSD, 60,
BTCUSD: BTC loading for action
203 0 4
BTC loading for action

BTC has seen action with the recent dip and is currently consolidating. I can see potential for up and down movement and the Segwit2x lock in (or failure thereof) is a good narrative for both cases. Watch BIP91 lock in here: It could complete in 15h, but it requires 80% and currently 79.6% are signalling. Very close call. A flag is a strong ...

morabasha morabasha EURJPY, 240, Short ,
EURJPY: eurjpy
45 0 7
EURJPY, 240 Short


MaryJane MaryJane CL1!, 240, Long ,
CL1!: Is Oil forming an Inverse H&S?
673 12 32
CL1!, 240 Long
Is Oil forming an Inverse H&S?

Inverse H&S?Oil should not fall below the "possible" right the neckline

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