All patterns

Kepler-53 › SPX (S&P 500 (SPY ETF)) · Daily

Head and Shoulders

Breakout confirmedBearish
Quality87%

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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.

Open SPY chart
  1. 1.Copy the script and open the chart on TradingView.
  2. 2.Open the Pine Editor at the bottom, clear it and paste.
  3. 3.Click "Add to chart"; the drawings appear.

Swing points

PointCandle open (UTC)Bar #Price
LSSep 22, 20260775.14
N1Oct 1, 20267758.79
HOct 6, 202610781.62
N2Oct 16, 202618760.64
RSOct 21, 202621774.44
BRKOct 23, 2026761.48

Bar #: candles counted from the pattern's first point. Times are candle open times.

Lines

  • NecklineSep 22, 2026 · 757.61 → Oct 22, 2026 · 761.31

This pattern's track record

On the Daily chart

26%

Target reached after breakout

Breakout rate
60%
Reached half the target
45%
Average time to target
44.3 days
Cases
46 resolved cases

All timeframes

28%

Target reached after breakout

Breakout rate
62%
Reached half the target
49%
Average time to target
14.1 days
Cases
168 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.

SPX Daily Head and Shoulders | IndicatorScan