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Opposite to Head and Shoulder Price Pattern. Head is lowest among the recent Price Pattern. Left shoulder Volume Should be Highest. Right Shoulder Volume should be Lowest. Pattern Formation Min 1 month each. Long position can be considered while breaking down Neck line.
The head and shoulder bottom, sometimes referred to as inverse head and shoulders, is a pattern that shares many common characteristics with its comparable partner, but relies more heavily on volume patterns for informations.
The head and shoulders bottom, sometimes referred to as inverse head and shoulder, is a pattern that shares may common characteristics with its comparable partner, but relies more heavily on volume patterns for identification
Inverted Head and Shoulder is the up side down of normal head and shoulder.
Condition to identify bullish trend are :
The volume should be high at left shoulder and low at right shoulder.
The minimum duration for each pattern must be minimum one month.
this is a trend and formation occurs when a market trend is in the process of reversal from bearish
header should be lowest among when compared to shoulders
High volume during R.Shoulder is expected
duration to form each pattern ( header and shoulders) should be minimum a month
Long position can be taken while breaking the neck line
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