Rigel-39 › NVDA (NVIDIA Corporation) · 1h
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 | Sep 22, 04:30 PM | Sep 22, 04:30 PM | 0 | 229.98 |
| N1 | Sep 24, 01:30 PM | Sep 24, 01:30 PM | 11 | 221.09 |
| H | Oct 6, 01:30 PM | Oct 6, 01:30 PM | 67 | 243.37 |
| N2 | Oct 20, 01:30 PM | Oct 20, 01:30 PM | 137 | 212.77 |
| RS | Oct 21, 07:30 PM | Oct 21, 07:30 PM | 150 | 222.19 |
| BRK | Oct 30, 01:30 PM | Oct 30, 01:30 PM | 209.07 |
Bar #: candles counted from the pattern's first point. Times are candle open times.
Lines
- NecklineSep 22, 04:30 PM · 221.82 → Oct 29, 07:30 PM · 209.14
This pattern's track record
On the 1h chart
36%
Target reached after breakout
- Breakout rate
- 56%
- Reached half the target
- 62%
- Average time to target
- 2.9 days
- Cases
- 36 resolved cases
All timeframes
28%
Target reached after breakout
- Breakout rate
- 62%
- Reached half the target
- 49%
- Average time to target
- 13.9 days
- Cases
- 169 resolved cases
What is this pattern?
A left shoulder, a higher head and a right shoulder near the left one. The line through the lows between them is the neckline. A close below it projects the head-to-neckline distance down from the breakout point.
A close above 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.