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ClearBreaksEdwards & Magee edition

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Head and Shoulders Top

Three peaks with the middle one highest above a near-horizontal neckline, after a rise; completes on a close below the neckline.

The head and shoulders top is the classical reversal pattern of Edwards & Magee: a left shoulder high, a higher head, and a right shoulder at roughly the left shoulder's height, joined underneath by a neckline through the two reaction lows.

The right-shoulder high negates the pattern; Bulkowski finds a throwback to the neckline after about half of breakdowns.

How we define it

Swings of at least 2 ATR: shoulder, low, head, low, shoulder; the pattern follows a rise
Neckline: the two lows within 3% of each other (near-horizontal), tested at least twice; no close below it before the breakdown
Head at least 3.5 ATR above the neckline and clearly above both shoulders; shoulders at 40-85% of the head height and within 35% of each other
Minimum length: 2 months on 1D, 3 months on 1W, 10 days on 4H
Breakout (up) / breakdown (down): the first candle close beyond the boundary by at least 3% on 1D and 1W (1.5% on 4H)
Failed breaks: a breakout or breakdown that closes back inside the boundary within 6 candles on 4H, 5 on 1D or 3 on 1W is removed from the list
Trend filter: breakouts only above the 200-period EMA (40-week EMA on 1W), breakdowns only below it
Watchlist: the pattern is complete but unbroken and price is within 3% (or 1 ATR, at most 6%) of the boundary

Recent breakouts & breakdowns (15)

FILFilecoin

H&S top · 2 testsBreakdown13h ago

$0.9624-10.32%

EDUOpen Campus

H&S top · 2 testsBreakdown13h ago

$0.0659-9.71%

H&S top · 2 testsBreakdown13h ago

$0.0166-14.09%

DEEPDeepBook

H&S top · 2 testsBreakdown17h ago

$0.0179-10.48%

H&S top · 2 testsRetest5d ago

$0.1090-5.56%

ARRRPirate Chain

H&S top · 2 testsBreakdown6d ago

$0.2210+5.49%

EPICEpic Chain

H&S top · 2 testsRetest7d ago

$0.1382-15.68%

NBISStock Nebius

H&S top · 2 testsBreakdown8d ago

$159.11-7.59%

STXStock Seagate

H&S top · 2 testsBreakdown8d ago

$685.84-0.99%

H&S top · 2 testsRetest10d ago

$0.0985-5.83%

FHEMind Network

H&S top · 2 testsBreakdown10d ago

$0.0172-6.47%

H&S top · 2 testsBreakdown15d ago

$0.0314-13.72%

H&S top · 2 testsRetest5d ago

$0.0554-8.65%

H&S top · 2 testsRetest5d ago

$0.6339-10.83%

H&S top · 2 testsRetest5d ago

$0.0573-6.48%

30 on the watchlist

AVAXAvalanche

H&S top · 2 testsNear breakdown<0.1% from breakdown

$9.118-7.53%

H&S top · 2 testsNear breakdown<0.1% from breakdown

$146.90-6.93%

ICPInternet Computer

H&S top · 2 testsNear breakdown<0.1% from breakdown

$2.719-7.71%

IMXImmutable

H&S top · 2 testsNear breakdown<0.1% from breakdown

$0.1437-9.17%

HOOKRHookr.fun

H&S top · 2 testsNear breakdown<0.1% from breakdown

$0.0191-25.32%

CGPTChainGPT

H&S top · 2 testsNear breakdown<0.1% from breakdown

$0.0205-6.52%

H&S top · 2 testsNear breakdown<0.1% from breakdown

$0.0573-6.48%

LPTLivepeer

H&S top · 2 testsNear breakdown<0.1% from breakdown

$1.552-9.24%

EDUOpen Campus

H&S top · 2 testsNear breakdown<0.1% from breakdown

$0.0659-9.71%

N225Index Nikkei 225

H&S top · 2 testsNear breakdown<0.1% from breakdown

$62,563.5-3.57%

ORCLStock Oracle

H&S top · 2 testsNear breakdown<0.1% from breakdown

$128.03-3.97%

ASMLStock ASML

H&S top · 2 testsNear breakdown<0.1% from breakdown

$1,563.96-6.84%

ALABStock Astera Labs

H&S top · 2 testsNear breakdown<0.1% from breakdown

$257.90-11.11%

H&S top · 2 testsNear breakdown0.3% from breakdown

$0.1456-4.27%

H&S top · 2 testsNear breakdown0.3% from breakdown

$0.0554-8.65%

ALGOAlgorand

H&S top · 2 testsNear breakdown0.5% from breakdown

$0.1070-6.62%

RARESuperRare

H&S top · 2 testsNear breakdown0.6% from breakdown

$0.0129-6.99%

ENJEnjin Coin

H&S top · 2 testsNear breakdown0.8% from breakdown

$0.0264-7.69%

CTSICartesi

H&S top · 2 testsNear breakdown0.9% from breakdown

$0.0293-8.11%

BASBNB Attestation Service

H&S top · 2 testsNear breakdown1.4% from breakdown

$0.0163-10.42%

H&S top · 2 testsNear breakdown1.7% from breakdown

$0.0703-9.66%

MRVLStock Marvell

H&S top · 2 testsNear breakdown1.7% from breakdown

$223.88-8.60%

ALICEMy Neighbor Alice

H&S top · 2 testsNear breakdown2.1% from breakdown

$0.1387-7.16%

ALUCommodity Aluminium

H&S top · 2 testsNear breakdown2.3% from breakdown

$3,011.9-0.37%

MANADecentraland

H&S top · 2 testsNear breakdown2.4% from breakdown

$0.0825-7.19%

ZROLayerZero

H&S top · 2 testsNear breakdown2.7% from breakdown

$1.80-11.05%

H&S top · 2 testsNear breakdown2.8% from breakdown

$0.0794-7.38%

H&S top · 2 testsNear breakdown2.9% from breakdown

$0.1545-8.24%

H&S top · 2 testsNear breakdown2.9% from breakdown

$0.0564-6.43%

RENDERRender

H&S top · 2 testsNear breakdown2.9% from breakdown

$1.775-7.60%