Rigel-33 › TSLA (Tesla, Inc.) · 4h
Inverse Head and Shoulders
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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 | Jun 26, 01:30 PM | Jun 26, 01:30 PM | 0 | 368.60 |
| N1 | Jul 1, 01:30 PM | Jul 1, 01:30 PM | 6 | 432.86 |
| H | Jul 29, 05:30 PM | Jul 29, 05:30 PM | 45 | 297.38 |
| N2 | Sep 25, 01:30 PM | Sep 25, 01:30 PM | 126 | 386.83 |
| RS | Sep 30, 01:30 PM | Sep 30, 01:30 PM | 132 | 345.88 |
| BRK | Oct 9, 01:30 PM | Oct 9, 01:30 PM | 379.16 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- NecklineJun 26, 01:30 PM · 435.16 → Oct 9, 01:30 PM · 379.16
This pattern's track record
On the 4h chart
57%
Target reached after breakout
- Breakout rate
- 78%
- Reached half the target
- 73%
- Average time to target
- 27.2 days
- Cases
- 61 resolved cases
All timeframes
51%
Target reached after breakout
- Breakout rate
- 70%
- Reached half the target
- 67%
- Average time to target
- 27.6 days
- Cases
- 205 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.