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Crypto · chart pattern

Head and shoulders on Polygon (POL)

On Polygon (POL) the head and shoulders showed up 22 times. The target came first 32% of the time, the stop 59%, and 9% went nowhere within 12 candles.

Counted on Polygon (POL) (POL/USDT): daily candles from September 2024, 4-hour candles from September 2024 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily10%100%0%
4-hour1100%0%0%
Hourly2030%60%10%

Polygon (POL) against the rest

ChartsFoundTarget firstStop firstWent nowhere
Polygon (POL)2232%59%9%
All Crypto charts1,37538%54%8%
Every market1,90538%55%7%

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 Polygon (POL)

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile bounce · Doji · Volume profile rejection · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish 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 Polygon (POL)?

In 22 cases on Polygon (POL), the target (1.5 × ATR) came before the stop (1 × ATR) 32% of the time and the stop came first 59%; 9% went nowhere within 12 candles.

What is the head and shoulders?

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