Head & Shoulders Pattern (Zeiierman)

⚪ In simple terms:
▸ Standard Head & Shoulders → Bearish Reversal Pattern
▸ Inverse Head & Shoulders → Bullish Reversal Pattern
▸ Target Projection → Estimated Move from Neckline Break
▸ Labels → Clear annotation of Left Shoulder, Head, and Right Shoulder

⚪ Dynamic Pivot Engine
Automatically detects pivot highs and lows based on user-defined Period.

• Longer Period = Broader, higher-confidence patterns
  
• Shorter Period = Smaller, more frequent patterns
  

⚪ Pattern Detection Logic
Scans pivot structures in real-time to identify valid:

• Bearish Head & Shoulders (H&S)
• Bullish Inverse Head & Shoulders (iH&S)

Conditions include:
▸ Symmetry validation
▸ Head above (or below) Shoulders
▸ Neckline structure
▸ Minimum price conditions met

⚪ What makes our tool truly unique is that it goes beyond the traditional textbook definition.

Our custom Head & Shoulders algorithm is built with flexibility and adaptability in mind. It dynamically responds to real-time price action, allowing it to detect valid patterns not only at major trend reversals — but also within trending environments.

That means you can spot Head & Shoulders formations at:

• Consolidation zones
  
• Trend continuation areas
  
• Corrective phases within established trends
  

It doesn’t have to be the absolute top or bottom of a move — and that’s the real power of this tool. It adapts. It evolves. It finds structure where most indicators stay blind.

• Above the Head (Bearish H&S)
  
• Below the Head (Bullish iH&S)
  

• Pros: Safest approach. Provides maximum protection against false breakouts and noise.
  
• Cons: Often results in very large stop losses, especially on bigger patterns or higher timeframes. Risk-to-Reward (RR) can be poor unless the target is far.

• Above the Right Shoulder (Bearish H&S)
  
• Below the Right Shoulder (Bullish iH&S)
  

• Pros: Smaller stop losses. Improved RR. Ideal for traders who want tighter control over risk.
  
• Cons: Higher chance of getting stopped on retests or minor volatility around the neckline zone.
  

• Exit the trade if price closes back above (bearish) or below (bullish) the neckline after breaking it.
  

• Pros: Dynamic approach based on market behavior rather than static levels. Allows more flexibility.
  
• Cons: Requires active trade management. Not suitable for fully automated or set-and-forget trading styles.
  

• Automatically detect powerful reversal patterns
  
• Avoid the subjectivity of manually drawing H&S structures
  
• Trade with clear target projections
  
• Identify high-probability reversal zones
  
• Visually map structure shifts in real-time
  

• Period → Number of bars used to scan for pivots (Higher = Bigger patterns)
  

• Enable Bullish Head & Shoulders
  
• Enable Bearish Head & Shoulders
  

• Customize Colors (Lines, Fills, Labels)
  
• Enable/Disable Labels
  
• Pattern Style: Closed / Open
  
• Custom Label Colors
  

• Enable/Disable Target Projection
  
• Customize Target Colors