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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.
Omar95 Omar95 EURUSD, D, Short ,
EURUSD: EUR/USD Daily Head & Shoulder
20 0 2
EUR/USD Daily Head & Shoulder

From my view on the daily chart a Head & Shoulder pattern has formed so I am expected EUR/USD to fall

Trading_Jazz Trading_Jazz TOP GBPUSD, 120, Short ,
GBPUSD: (2h) Bearish H&S in formation?
663 0 5
GBPUSD, 120 Short
(2h) Bearish H&S in formation?

FX:GBPUSD Waiting for the perfect pattern in order to set an order to sell below the neck. I need the price at previous support at 1.31606 (Neck) followed by a small pullback closing below the left shoulder, (and this is crucial for me), in order to validate at least the "visual" configuration of the pattern, then i will think to set an order to sell it below ...

andmk2 andmk2 PRO SML, W,
SML: Will Strategic Minerals risde much further?
23 0 2
Will Strategic Minerals risde much further?

It seems that SML is finalising a cup and handle pattern, which also contains a H&S pattern. I think that represents a bottom formation and is bullish. Wait and see.

forexhub_ forexhub_ EURUSD, 240, Short ,
EURUSD: EUR/USD Short H&S pattern as well as wedge and down trend
106 0 3
EURUSD, 240 Short
EUR/USD Short H&S pattern as well as wedge and down trend

H&S pattern as well as wedge and down trend.

Trading_Jazz Trading_Jazz TOP BTCUSD, 60,
BTCUSD: (1h) H&S, Gartley & eventual Shark at previous highs
701 0 9
(1h) H&S, Gartley & eventual Shark at previous highs

BITSTAMP:BTCUSD https://www.tradingview.com/chart/EURUSD/IZLJ3dS1-Head-Shoulders-Educational/ Safe Trades;

zippy1day zippy1day TOP BTCUSD, D, Long ,
BTCUSD: BTC Inverted Head and Shoulders?
159 0 2
BTC Inverted Head and Shoulders?

Far from nailed on yet but has merit? Targets only estimations until pattern fully formed? Volume will be a key indicator!

Ghosty25 Ghosty25 PRO XRPBTC, 30, Short ,
XRPBTC: XRP Day Trader Plan
48 0 2
XRPBTC, 30 Short
XRP Day Trader Plan

XRP has had a very good run in the past few days and has in fact gone past the 25cents barrier soaring up to 28cents per XRP From what I can see it has had its bullish run and will likely now start correcting back down towards the norm. But XRP is not really a day trader coin. (Well it is but...) Please see next graph for XRP on a day basis analysis.

triton triton PRO BTCUSD, 240, Short ,
BTCUSD: Continuation of the Bearish momentum
145 0 2
BTCUSD, 240 Short
Continuation of the Bearish momentum

Bitcoin fell back and made a double bottom around 3500ish. This double bottom provides a perfect target price for a short. I will be looking to open shorts in the red box indicated on the chart. The pattern I will be playing is a Head and shoulders indicated by the red arrows pointing down. Price will also re-test the longer term downtrendline since the top ...

zp4rex zp4rex EURGBP, 60,
EURGBP: EUR/GBP, H1, waiting for positions
94 5 4
EUR/GBP, H1, waiting for positions

EUR/GBP, H1, waiting for position

FundedTrader FundedTrader PRO ETHUSD, 180, Short ,
ETHUSD: ETHUSD short: if it breaks key support price lower
69 0 0
ETHUSD, 180 Short
ETHUSD short: if it breaks key support price lower

ETHUSD touched today the key support price of 234 $, if breaks this level lower then the closure of this (very ugly I must admit) head & shoulders pattern next support is at 167 $.

Roker1 Roker1 TOP EURGBP, 60, Short ,
EURGBP: Head & Shoulders on EURGBP
251 6 8
EURGBP, 60 Short
Head & Shoulders on EURGBP

Hey guys, you can call it whatever you want, you can draw it however you want, what i see is a change of trend shown by a sequence of lower low lower lows, right after a strong upward trend. Right now i'm waiting for a retest of the broken support that could act as resistance and keep the price from rising further. You'll be updated! If you have questions/ideas, ...

bmck1 bmck1 PRO EURGBP, 60, Short ,
EURGBP: Relief or reversal? Either way, I'm interested.
60 0 3
EURGBP, 60 Short
Relief or reversal? Either way, I'm interested.

A quick look through the charts before shutting down for the weekend and I saw that this pair has now broken and closed below the neckline of a H&S pattern on the hourly. Looks like the comments earlier in the day out of the ECB might have stirred the pot a little. This pair has had quite a rise recently, could this be the start of a reversal of trend? or simply a ...

SilverTrader925 SilverTrader925 PRO GBPUSD, 240, Long ,
36 0 4
GBPUSD, 240 Long
GBPUSD Long Inverse H&S

Following the weaker than expected NFP cable has just broke the neckline of this inverse H&S. There is also RSI divergence to support this idea.

ChEtg ChEtg AUDCHF, D,
AUDCHF: Awaiting breakout on AUDCHF - H and S and Triangle forming
40 0 5
Awaiting breakout on AUDCHF - H and S and Triangle forming

A Client asked me my opinion on a Trade so I thought i would take the time to provide a full mark up and analysis for him on the pair in order to give him the best possible chance of success. AUDCHF is at a very interesting level, as it is showing potentially multiple technicals in this supporting either a bullish or bearish move, but we must await ...

bmck1 bmck1 PRO NZDUSD, D, Short ,
NZDUSD: NZDUSD - Daily - Possible Head & Shoulders pattern in progress?
59 0 3
NZDUSD - Daily - Possible Head & Shoulders pattern in progress?

It looks like we could be tracing out a head and shoulders pattern here on the Daily chart for the Kiwi/Dollar. I don't usually trade the pair on the Daily timeframe, but wanted to put this idea up anyway for anybody looking at more of a longer term trade (i.e. longer than intraday/intraweek timeframes). Potential targets, if I were in this, initial target 1 ...

triton triton PRO BTCUSD, 30, Short ,
BTCUSD: Short term reversal
59 0 2
BTCUSD, 30 Short
Short term reversal

As BTC went for the 3-way push, a short term head and shoulders is lining up on the 15m allowing us to enter on a solid short with good risk reward. Declining volume could indicate that this was indeed the top. The 4hour candle has just put in a spinning top aswell. In order for this pattern to succeed, price will need to break below 4180. If however we break ...

triton triton PRO BTCUSD, 15, Short ,
BTCUSD: Short term reversal
149 2 0
BTCUSD, 15 Short
Short term reversal

Volume went down nearing 2500, the bulls were getting exhausted. Bearish technicals: 1h bearish pivot, 2h spinning top, first 4h red candle close / double doji (indicating a reversal), 4h stoch was overbought and short term ones were exhausted, 1hour hidden bearish divergence on the RSI on that new high towards 2485, the 4h 2h and 1h MACD were pushing for a red ...

ShaunBC ShaunBC EURGBP, D,
EURGBP: EUR/GBP: Short W/C 07 Jul
45 0 2
EUR/GBP: Short W/C 07 Jul

EUR/GBP: Short, week commencing 07 July 2017 Fair reverse Head and Shoulders pattern forming; resistance line tested but not broken through 2/3 times. Expected fall over the coming week. Enter - 0.90262, target - around 0.89997

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