A head and shoulder pattern is a bearish chart pattern. In technical analysis, the pattern predicts the reversal of the bullish trend to bearish trend. You can identify the pattern with three peaks, where the first and third peaks are close in height and the second peak (Middle peak) is the highest. Although it’s present in all time frames, but it’s effective in the upward trend.
It is one of the most accurate patterns that indic…..
An inverse head and shoulder pattern is also called as head and shoulder bottom. It is the opposite of head and shoulder. In technical analysis, the pattern predicts the reversal of the Downward trend to Upward trend which is bearish to bullish. Inverse head and shoulder pattern is very strong bullish pattern, which one can notice on the chart patterns very frequently. It is present in all time frames, but it is effective in the downward trend
It is formed with three inverted peaks with first and…..