Head & shoulders
Chart patterns7 points to clickDraws the head, both shoulders and the neckline in one go.
What it looks like
The numbered dots are where you click. Once drawn, you can grab those dots and move them.
How to draw it
Click the left shoulder, the head and the right shoulder in order; the neckline is joined for you.
When to use it
Where the neckline sits decides the invalidation level — joining the two lows is the usual choice.
In SQMATE
What you draw stays
Lines you draw are saved to that symbol's notebook. Open the symbol again and they are still there.
Editable afterwards
Grab the points to move them, and change colour, width and line style. Undo works too.
Shares as drawn
Send the chart as a single link. Whoever opens it sees the same lines.
Related tools
- XABCD patternDraws a harmonic pattern through five vertices — X, A, B, C and D.
- Cypher patternA five-point tool preloaded with the ratios of the Cypher pattern.
- ABCD patternA four-point shape expressing 'CD travels as far as AB'.
- Triangle patternMarks a triangular squeeze with three points.
- Three drivesDraws the three-drives shape: the same wave repeated three times.
- Elliott impulse (12345)Labels an Elliott impulse — waves 1 through 5 — as you draw it.
Drawing tools are a way to organise your thinking. A line you draw does not decide what price will do.