King of Pattern – Head & Shoulders
King of Pattern – Head & Shoulders is a powerful and innovative indicator designed to detect classic and non-standard Head and Shoulders patterns with high accuracy and smart filtering mechanisms.
It is built upon a well-defined set of technical rules (as outlined), and it goes far beyond traditional pattern recognition tools by identifying both bullish and bearish formations — with clear conditions for neckline breaks, Fibonacci level reactions, and pattern symmetry.
I have included explanations in the images for the 6 most important rules of the King of Pattern – Head & Shoulders indicator.
Please review them carefully and read the detailed description of each one inside the images.
Rule #1: Classic Bearish Pattern
Rule #2: Classic Bullish Pattern
Rule #3: Various Patterns – Buy or Sell
Rule #4: Opposite Pattern – A standalone setup and trade
Rule #5: Resistance Fibonacci levels 23.6 or 38.2
Rule #6: Head Triangles – Early Prediction (Early_quick_pips)
Automatically plots key Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%) to estimate potential targets.
Rules-based reactions to these levels offer high-probability trade zones.
Rule 6: Incomplete Patterns & Early Prediction (Triangles Feature)
One of the most innovative features is the “Early_quick_pips” mechanism — triggered when a triangle appears after the head is detected but before the right shoulder is fully formed.
The Early_quick_pips line appears as a prediction guide — offering early trade signals before the pattern fully completes.
