King of Sample – Head & Shoulders is a robust and modern indicator designed to detect basic and non-standard Head and Shoulders patterns with excessive accuracy and good filtering mechanisms.
It’s constructed upon a well-defined set of technical guidelines (as outlined), and it goes far past conventional sample recognition instruments by figuring out each bullish and bearish formations — with clear situations for neckline breaks, Fibonacci degree reactions, and sample symmetry.
I’ve included explanations within the photographs for the 6 most essential guidelines of the King of Sample – Head & Shoulders indicator.
Please evaluation them rigorously and browse the detailed description of every one inside the pictures.
Rule #1: Basic Bearish Sample
Rule #2: Basic Bullish Sample
Rule #3: Varied Patterns – Purchase or Promote
Rule #4: Reverse Sample – A standalone setup and commerce
Rule #5: Resistance Fibonacci ranges 23.6 or 38.2
Rule #6: Head Triangles – Early Prediction (Early_quick_pips)
Robotically plots key Fibonacci ranges (23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%) to estimate potential targets.
Guidelines-based reactions to those ranges provide high-probability commerce zones.
Rule 6: Incomplete Patterns & Early Prediction (Triangles Function)
Probably the most modern options is the “Early_quick_pips” mechanism — triggered when a triangle seems after the pinnacle is detected however earlier than the correct shoulder is absolutely fashioned.
The Early_quick_pips line seems as a prediction information — providing early commerce indicators earlier than the sample absolutely completes.
