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Tagged: INVERTED HEAD AND SHOULDER
Inverted head and shoulder pattern is the reverse of head and shoulder pattern. two lower bottom in between the two lower bottom lower long bottom is identified.
Left Shoulder and right hand shoulder neckline should be straight
volume of L.S should be higher and Volume of R.S should be lesser
Time taken occurrence for each shoulder must be one month total 3 month period of time
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”></p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>2 inverted shoulders with a taller inverted head in between.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>3 months time .</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Higher volume at the left shoulder and low volume at the right shoulder.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Create long position if the price goes higher than the the neckline.</p>
It represents the opposite of the head and shoulder. The minimum time period is 3 months.
It should have 3 bottoms with the middle being the longest among them. The left shoulder should have high volume and the right shoulder having low volume.
When the breakout moves above the neckline, go long.
Inverted head and shoulder is accumulation pattern
Volume to be high at left shoulder, low at right shoulder
Duration – 1 month
Create long position
inverted head and shoulders is an accumulation pattern we have to identify the two equivalent shoulder in between the head and the volume should be high in left shoulder compared to right shoulder and the accumulation can take when it break out the neckline the duration is three month.
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