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.
PetrosYiallouris PetrosYiallouris OMGUSD, 30, Short ,
69 0 1
OMGUSD, 30 Short


triton triton PRO BTCUSD, 30, Short ,
BTCUSD: Short term reversal
43 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 ...

ShaunBC ShaunBC GOLD, D,
GOLD: Gold: Short - W/C 07 July
220 5 6
Gold: Short - W/C 07 July

Gold: Short week commencing 07 July - 11 July Fair Head and Shoulders pattern forming, starting in March: right shoulder currently peaking lower than left shoulder, and downward sloping neckline suggests sellers have continously taken over the market from buyers. Potentially brake through the neckline and continue falling. Risk/Reward Ratio - 2%, Position enter ...

ShaunBC ShaunBC EURGBP, D,
EURGBP: EUR/GBP: Short W/C 07 Jul
39 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

Answer42 Answer42 PRO LTCUSD, D, Short ,
LTCUSD: LTC/USD - Head and Shoulders
105 2 0
LTC/USD - Head and Shoulders

Lots of the alt coins are showing Head and Shoulder patterns. We are in for a rough ride if any of this happens. I would expect a bounce off the first support zone and then the market will decide what happens next. Play Safe. Disclaimer Answer42 is not responsible for any losses incurred as a result of following trading signals mentioned and cannot be held ...

ChEtg ChEtg NZDCHF, 240, Short ,
NZDCHF: Potential Head and Should NZD CHF - Bearish move
61 0 2
NZDCHF, 240 Short
Potential Head and Should NZD CHF - Bearish move

Awaiting a Break of the neckline for a Bearish movement, Bounce of a significant level at the top on the daily - the 23.6 Fib is also being used for the neckline

khaim khaim AUDCHF, 15, Short ,
88 0 3
AUDCHF, 15 Short

- DESCRIPTION - Ideal Head and Shoulders pattern forming with right shoulder currently lower than left

ChEtg ChEtg USDJPY, 30,
USDJPY: Head and Shoulders on USDJPY - expect short term bullish
108 0 6
Head and Shoulders on USDJPY - expect short term bullish

H and S strategy on USD JPY has formed, break of neck line - expecting short term bearish movement, Lack of Risk aversion is the only thing stopping me from shorting this FOMC meeting at 7pm later will cause huge volatility within the market, best to be out the position by then

PetrosYiallouris PetrosYiallouris ETHUSD, 30, Short ,
102 0 0
ETHUSD, 30 Short


triton triton PRO BTCUSD, 15, Short ,
BTCUSD: Short term reversal
133 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 ...

khaim khaim USDCAD, 45, Short ,
USDCAD: (H1)USD/CAD(SHORT) - Re-upload
66 0 1
USDCAD, 45 Short
(H1)USD/CAD(SHORT) - Re-upload

Description Price dipped below support of 1.25390 and remained there making three observed attempts to re-surface finally breaking through as a result of potential over-buy. Hence signalling an upcoming short. Head and shoulders spotted on 15 minute chart with right shoulder closing lower than the left shoulder. False breakout as the bearish trend can be ...

ChEtg ChEtg GOLD, 60, Short ,
GOLD: BEarish Gold movement - Potential H and S formed - Break of Neck
43 0 4
GOLD, 60 Short
BEarish Gold movement - Potential H and S formed - Break of Neck

Gold has formed a Head and Shoulders and have seen a Break of the Neckline on the 1H chart, Expecting 70 pip move to the downside before reaching support

charlie.dennisfx charlie.dennisfx PRO GBPUSD, D, Long ,
GBPUSD: gbpusd Long
33 0 3
gbpusd Long

-head and shoulder pattern on daily - break and retest of H&S neckline - head distance is usually == distance of neckline break - This is where TP is placed.

ChEtg ChEtg NZDJPY, 30, Short ,
NZDJPY: NZD JPY H and S 30min - Bearish Move
48 2 1
NZDJPY, 30 Short
NZD JPY H and S 30min - Bearish Move

As you can see Bearish Looking move on NZD JPY on 30mins with possible H and S developed, it is now retesting the Neckline - expected further downward movement. Expecting NZD to be weak on the back on NZD Central bank being worried about knock on effect of the currency strength on their export demand

AntMwah AntMwah PRO SB1!, D, Short ,
SB1!: Still believe the gap will fill
13 0 1
SB1!, D Short
Still believe the gap will fill

Note the fail here at 14. The price has retraced towards the 20DMA now at 13.44. If this goes (which I expect) then we will see this move lower. The gap on the chart still needs filling between 12.45 and 12.00.

Comparic Comparic PRO GBPUSD, 240, Short ,
GBPUSD: GBPUSD H4 near resistance zone
41 0 2
GBPUSD, 240 Short
GBPUSD H4 near resistance zone

The British pound posted a recovery yesterday as the inflation data showed that the UK’s consumer price index rose 2.9%, more than expected. With the jobs and BoE meeting scheduled this week, the modest recovery is likely to see GBPUSD test the resistance level that could be developed at 1.2800. The downside remains intact with GBPUSD likely to resume the ...

LeeThompson97 LeeThompson97 GOLD, D, Short ,
GOLD: Gold Short - Head & Shoulders and Fib Retracement
78 0 2
GOLD, D Short
Gold Short - Head & Shoulders and Fib Retracement

On daily TF, a head and shoulders pattern is in play, this has formed after a rejection of the major bearish trend line. The targets for this pattern would be below the blue trend line, so expect resistance at this area. If the blue trend line is broken, price should test the major bullish trend line, which is where I have placed the next profit target (TP 2). The ...

Trading_Jazz Trading_Jazz PRO AUDJPY, 360, Short ,
AUDJPY: (6h) Eventual H&S & The Others! ;)
600 2 17
AUDJPY, 360 Short
(6h) Eventual H&S & The Others! ;)

FX:AUDJPY Safe Trades;

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