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Crypto · chart pattern

Head and shoulders on Optimism

On Optimism the head and shoulders showed up 43 times. The target came first 44% of the time, the stop 53%, and 2% went nowhere within 12 candles.

Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily367%33%0%
4-hour540%60%0%
Hourly3543%54%3%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism4344%53%2%
All Crypto charts1,37538%54%8%
Every market1,90538%55%7%

Year by year

YearFoundTarget firstStop first
2022333%33%
20231338%62%
2024838%62%
2025786%14%
20261233%67%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the head and shoulders is

Three peaks with the middle one highest, then a break below the neckline.

Picture a person's head and two shoulders from behind: a shoulder, a taller head, then another shoulder. A head and shoulders pattern is three price peaks shaped like that. When price falls below the line under the shoulders, called the neckline, the pattern is complete.

The full head and shoulders lesson, video and quiz ›

Other patterns on Optimism

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The head and shoulders elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot

Questions

How often does the head and shoulders work on Optimism?

In 43 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 44% of the time and the stop came first 53%; 2% went nowhere within 12 candles.

What is the head and shoulders?

Three peaks with the middle one highest, then a break below the neckline.