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What is Inverse Head & Shoulder Pattern ?
The Inverse #Head and Shoulders pattern is a technical chart pattern that is the opposite of the traditional Head and Shoulders pattern. It is also a #reversal pattern, but it signals a potential bullish reversal in the price of an asset.
The Inverse Head and Shoulders pattern is formed when a price #falls to a low point (the left shoulder), then rises, falls again to a lower point (the head), #rises again, and then falls to a higher low (the right shoulder). The pattern resembles an upside-down head and shoulders.
The Inverse Head and Shoulders pattern is considered to be a #bullish reversal pattern, which means that it suggests that the price trend of the #asset is likely to reverse from a downward trend to an upward trend. This pattern is typically used by technical analysts to identify when to buy or go long on a security, and to set stop-loss orders to limit #potential losses.
The Inverse #Head and Shoulders pattern is a technical chart pattern that is the opposite of the traditional Head and Shoulders pattern. It is also a #reversal pattern, but it signals a potential bullish reversal in the price of an asset.
The Inverse Head and Shoulders pattern is formed when a price #falls to a low point (the left shoulder), then rises, falls again to a lower point (the head), #rises again, and then falls to a higher low (the right shoulder). The pattern resembles an upside-down head and shoulders.
The Inverse Head and Shoulders pattern is considered to be a #bullish reversal pattern, which means that it suggests that the price trend of the #asset is likely to reverse from a downward trend to an upward trend. This pattern is typically used by technical analysts to identify when to buy or go long on a security, and to set stop-loss orders to limit #potential losses.