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Tagged: INVERTED HEAD AND SHOULDER
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It is reversal head and shoulders with two bottoms as shoulders and head in between being the lowest bottom and it takes duration of 3 months, volume high at left shoulder bullish trend identified when price breaksout the neck of the right shoulder
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Inverted Head and Shoulder is nothing but an acronym of Head and Shoulder.
It’s a trend which happens when a bigger hand look to acquire a particular stock in a long run i.e 3 months.
Interestingly the volume is high on the left shoulder and the vice versa in the right side.
Inverted Head and Shoulder an Accumulation pattern which indicates bullish trend
there should be Shoulder Head Shoulder but in inverted format
it also needs to be at least 3 month to confirm this patten
volume should be very less or very low at the left shoulder and significant increase in volume at the right shoulder
when the price crosses above the neck line ..
we can create Long position
Its an inverted Head and Shoulder, with 2 bottoms as shoulder and head and it takes volume high on left shoulder bullish trend when price breakout the neck of right shoulder
After a downward correction if the chart forms a pattern in the shape of a two shoulder and a head in an inverted way. The right shoulder will have good volumes and the left shoulder will have less volume. One it crosses the tops of the inverted head and shoulder you can go long in the stock.
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