Inverse Head and Shoulders
a.k.a. Head and shoulders bottom, Reverse head and shoulders
An upside-down head and shoulders: three troughs with the middle one deepest, often marking the end of a…
In plain English
An upside-down head and shoulders: three troughs with the middle one deepest, often marking the end of a downtrend.
An inverse head and shoulders has a left shoulder (a low), a head (a lower low) and a right shoulder (a higher low). A neckline joins the peaks between them.
Sellers made a final big push, failed, and the next dip was shallower. A break above the neckline is the usual signal. Mirror of the head and shoulders.
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