Simplified Pattern Trading Secrets in 90 minutes: Trading tools & strategies that generate consistent profits by Khan Yoosuf & Khan Yoosuf

Author:Khan, Yoosuf & Khan, Yoosuf [Khan, Yoosuf]
Language: eng
Format: epub
Published: 2022-11-20T00:00:00+00:00

The price movement in the Head and shoulders pattern breaks down from the Neckline support and goes downward.

The price moves to the target, which is X points downward.

14)

Inverse Head & Shoulder Pattern

Figure 14.1

The Inverse Head and Shoulders pattern is a strong reversal pattern that leads to strong movement in the opposite direction. It is just the opposite of the standard "Head and shoulders" pattern. This pattern mostly appears in a downtrend, which indicates the reversal of a downtrend into an uptrend. Smart traders start to buy aggressively when the Inverse head-and-shoulders pattern is complete.

Rule of thumb:

Inverse Head and Shoulders pattern indicates bullish price movement.

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