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Inverted head and shoulder is the exact opposite of a normal head and shoulder. Here 2 shoulders (left and right) with a head all bottom trended should be created. Volume should be high at the left and low at the right shoulders. Just as normal head and shoulder the duration should be within 3 months. With all the above it illustrates a bearish trend and long position can be created at break out (neck) point
The line formed with inverted head and Shoulder is called as Inverted Head and Shoulder(left shoulder,head,right shoulder),formed due to the Accumulation of shares between Strong people.
It takes time of 3 months to form.
the volume will be high at left shoulder and less at right shoulder.
The pattern is exactly opposite to the normal Head and Shoulder.
Conditions to identify Bullish trend:
The volume should be high at left shoulder and low at right shoulder.
The minimum duration for each pattern must be minimum one month.
The pattern is exactly opposite to the normal Head and Shoulder.
Conditions to identify Bullish trend:
The volume should be high at left shoulder and low at right shoulder.
The minimum duration for each pattern must be minimum one month.
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