This chart pattern formation is commonly used in technical analysis to predict the reversal of a downtrend. It is a bullish signal that is essentially the reverse of the regular head and shoulders chart pattern, which is a bearish indicator. The structure of the inverse head and shoulders chart...
The Head and Shoulders pattern is one of the most popular and recognizable technical trading patterns. The pattern forms near market tops in established up trending or bullish markets. The Head and Shoulders is a reversal pattern because it signals a change in an uptrend and forecasts a downtrend...
There’s something close to an inverse head-and-shoulders pattern across the June through September lows, as well. John Navin, Forbes, 23 Oct. 2021 The sound is massive, but the production remains clean, with inverse drops that play like the reflection of fire on metal. Katie Bain, Bill...