Inverse Head and Shoulder
Head and Shoulder Bottoms - Trading Strategy
The head and shoulders formation happens in technical analysis when the market trend is reversing from bullish to bearish or bearish to bullish. A left shoulder, a right shoulder, a head, and a line drawn as the neckline make up a head and shoulders pattern. In this chapter, we will look at what the inverse head and shoulder pattern is, how to recognise it, and what trading tactics we can use to successfully trade the inverse head and shoulder pattern.
Name: | Inverse Head and Shoulder |
---|---|
Forecast: | Reversal Pattern |
Trend prior to the pattern: | Downtrend |
Opposite pattern: | Head and Shoulder |
Accuracy rate: | 93% |
Technical Analysis: Candlestick Trading For Beginners
This course will teach you how to utilize Japanese candlestick patterns to predict market turns.
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