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Inverse Head and Shoulders Chart Pattern
Inverse head and shoulders is a trend reversal chart pattern and are the opposite of the Head and Shoulders one. Theoretically, the height of the two shoulders must be the same, and the neckline – be horizontal.
However, the shoulders are often not of the same height, or the neckline ascends or descends. The price objective of this pattern is equal to the height between the top of the head and the neckline.
Inverse head and shoulders is a trend reversal chart pattern and are the opposite of the Head and Shoulders one. Theoretically, the height of the two shoulders must be the same, and the neckline – be horizontal.
However, the shoulders are often not of the same height, or the neckline ascends or descends. The price objective of this pattern is equal to the height between the top of the head and the neckline.
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