Nova-92 › XAUUSD (Gold (PAXG) / US Dollar) · 15m
Inverse Head and Shoulders
Drag to rotate, scroll to zoom.
Draw it on TradingView
No bar counting. Copy the Pine Script and paste it into TradingView; the pattern, breakout, target and invalidation lines are drawn on exactly these candles.
- 1.Copy the script and open the chart on TradingView.
- 2.Open the Pine Editor at the bottom, clear it and paste.
- 3.Click "Add to chart"; the drawings appear.
Swing points
| Point | Candle open (UTC) | UTC | Bar # | Price |
|---|---|---|---|---|
| LS | Oct 30, 02:15 PM | Oct 30, 02:15 PM | 0 | 3,905.09 |
| N1 | Oct 30, 03:00 PM | Oct 30, 03:00 PM | 3 | 3,934.27 |
| H | Oct 30, 07:45 PM | Oct 30, 07:45 PM | 22 | 3,890.00 |
| N2 | Nov 2, 01:30 AM | Nov 2, 01:30 AM | 37 | 3,927.73 |
| RS | Nov 2, 04:30 AM | Nov 2, 04:30 AM | 49 | 3,900.86 |
| BRK | Nov 2, 05:30 AM | Nov 2, 05:30 AM | 3,924.65 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- NecklineOct 30, 02:15 PM · 3,934.85 → Nov 2, 05:15 AM · 3,924.84
This pattern's track record
On the 15m chart
41%
Target reached after breakout
- Breakout rate
- 56%
- Reached half the target
- 69%
- Average time to target
- 6.9 h
- Cases
- 39 resolved cases
All timeframes
50%
Target reached after breakout
- Breakout rate
- 69%
- Reached half the target
- 67%
- Average time to target
- 27.3 days
- Cases
- 209 resolved cases
What is this pattern?
The mirror image of head and shoulders. A close above the neckline confirms it; the target projects the head-to-neckline distance up from the breakout.
A close below the right shoulder invalidates the pattern.
This is not investment advice. Patterns describe probabilities; the same pattern can resolve differently. Levels use classic technical-analysis measuring rules.