Inverse Head and Shoulders pattern
The name speaks for itself. It is basically a head and shoulders formation, except this time it’s upside down. 🙃
A valley is formed (shoulder), followed by an even lower valley (head), and then another higher valley (shoulder).
The name speaks for itself. It is basically a head and shoulders formation, except this time it’s upside down. 🙃
A valley is formed (shoulder), followed by an even lower valley (head), and then another higher valley (shoulder).