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Crypto · chart pattern

Inverse head and shoulders on Optimism

On Optimism the inverse head and shoulders showed up 61 times. The target came first 33% of the time, the stop 59%, and 8% 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-hour1729%65%6%
Hourly4132%59%10%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism6133%59%8%
All Crypto charts1,51038%55%7%
Every market2,09538%55%6%

Year by year

YearFoundTarget firstStop first
2022425%75%
20231547%53%
20241625%56%
20251729%59%
2026933%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 inverse head and shoulders is

Three lows with the middle one deepest, then a break above the neckline.

Now picture the head and shoulders standing on its head: a dip, a deeper dip, then another dip. An inverse head and shoulders is three price lows shaped like that. When price climbs above the line over the shoulders, called the neckline, the pattern is complete.

The full inverse 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 inverse head and shoulders elsewhere

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

Questions

How often does the inverse head and shoulders work on Optimism?

In 61 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 33% of the time and the stop came first 59%; 8% went nowhere within 12 candles.

What is the inverse head and shoulders?

Three lows with the middle one deepest, then a break above the neckline.