Head and Shoulders. The most popular REVERSAL chart pattern. Trusted by hundreds of thousands of not only FX traders, but also stock & commodity & futures traders.
Timeless, elegant, and just flat-out work.
"Mad Money" Jim Cramer loves Head and Shoulders. He jokingly calls it "the scariest pattern in the chart book".
Partly because the one time Jim chose to IGNORE this pattern, it cost him a fortune. (See the full story on CNBC website here)
But let's pause for a minute and go back to the basics: How do we define a Head and Shoulders pattern?
According to Investopedia... "this pattern is comprised of three component parts:
1. After a long bullish trend, the price rises to a peak and subsequently declines to form a trough.
2. The price rises again to form a second high - substantially above the initial peak and declines again.
3. The price rises a third time, but only to the level of the first peak, before declining once more.
The first and third peaks are shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline.
This pattern predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end."
( Credit: Investopedia. See the full article here )
For example, here's a textbook Head and Shoulders pattern on AUD/USD 4-hour timeframe:
It's a fact that Head and Shoulders patterns work like crazy. But there are TWO major problems that make trading with Head and Shoulders HARDER than it should be.
FIRST -- Identifying a valid Head and Shoulders pattern is difficult. It requires a lot of patience and practice.
SECOND -- Let's say you're willing to spend your valuable time trying to identify every Head and Shoulders pattern manually, then you'll also need to repeat this tedious process for each currency pair, each time-frame separately.
It's definitely lots and lots of work. But if you want to eliminate all the stress, frustration, and overwhelm you feel scanning the markets manually for Head and Shoulders patterns, here's the good news:
Let our Head and Shoulders Dashboard do all the heavy lifting for you...
The indicator displays all detected Head and Shoulders patterns on ONE convenient dashboard.
You no longer need to manually scan every pair and time-frame. The dashboard does all the hard work for you.
With just one look at the dashboard, you'll instantly know which pattern has just formed on every pair and every time-frame (from 1-minute to monthly)...
First, it will scan ALL currency pairs and ALL time-frames for the highest-probability Head and Shoulders patterns you could ever find. And all these calculations are done so fast - literally within seconds - you won't even notice the time.
Then, the indicator will display a beautiful dashboard on your chart where you can see exactly what pattern has recently formed on EVERY pair, EVERY time-frame.
Take a look below to see how cool it really is:
With just one look at the dashboard, you'll instantly know all the information you need to make a good trading decision. You'll instantly know which pattern appears on every time-frame (from 1-minute to monthly) and on every currency pair.
Not only that, you'll also know the exact direction of that pattern - whether it's bullish or bearish. And you'll know exactly how long ago that particular pattern showed up.
And you're in total control. You can specify which currency pairs and which time-frame you want the indicator to scan for Head and Shoulders patterns:
Remember, you can specify as many pairs as you like. You can also use it for indices, stocks, futures, and gold (anything your broker offers in Metatrader). Our Head and Shoulders Dashboard takes care of it all.
Let me show you a short clip where I scroll through 20 currency pairs (and all time-frames from 5-minute to daily) and see all the patterns on my dashboard:
But maybe the most useful feature of the Head and Shoulders Dashboard indicator is...
Click on the symbol you want, and the indicator will open up that symbol chart with the Head and Shoulders highlighted...
Take a look at this short clip to see what I mean:
That way, you can look at the dashboard first to see the overall picture across multiple time-frames. Then once you identify a pattern that you want to trade, just click on the symbol to open up the relevant chart, so you can analyze the pattern further.
And by the way, did you know that...
You can sort the dashboard in any way you like -- based on Symbol, Timeframe, Direction, or Age...
Let me show you exactly how it works:
Pretty cool, isn't it?
By the way, did you know that...
The Head and Shoulders Dashboard indicator also gives you pop-up, visual, and audio alerts as soon as a Head and Shoulders appears
So you will NEVER miss out on any important trade opportunity.
Now.. maybe the most useful part about Head and Shoulders patterns is that...
These patterns are UNIVERSAL. They work on all time-frames and all currency pairs (any instrument for that matter)...
But Hang On... We're Not Done...
Further down this page, you'll notice there are TWO purchase options you can choose. You can get Head and Shoulders Dashboard indicator alone for an insanely generous price I'm giving the first 200.
Or... you can invest a little more and get the Indicator Vault Premium package.
So What's Inside The "Premium" Package?
First off, you get the Head and Shoulders Dashboard indicator. And on top of that, you'll also get access to the ENTIRE collection of 49+ top-rated custom indicators. Including Logic Day Trading, Divergence Solution, Trend Focus, Swing Force, Scientific Scalper, Candle Meter, Drag & Drop Volume Profile and more.
To see the full list of all indicators included in the Premium package, click here...
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- This indicator works on Metatrader 4
- Current version: 1.0
- This is a one-time payment, NOT a subscription.
- Your license includes 1 year of updates and support. After one year, you can purchase an update & support plan to continue to receive support & updates (not compulsory)
- You can use the indicator on ANY instrument your Metatrader 4 offers: FX pairs, Gold, Silver, Indices, Futures, Stocks...
- Please remember: There are no refunds and all sales are final.
Thanks for reading this letter,