Trading
Inverse Head and Shoulders Pattern Trading Strategy Guide
By InvestingNote  •  October 5, 2022
The Inverse Head and Shoulders pattern is a chart pattern that has fooled many traders (I’ll explain why shortly). However, if traded correctly, it allows you to identify high probability breakout trades, catch the start of a new trend, and even “predict” market bottoms ahead of time. This post was originally posted here. The writer, Rayner Teo is a veteran community member and blogger on InvestingNote, with a username known as @Rayner and has close to 800 followers. Want to learn more? Then read on… What is an Inverse Head and Shoulders pattern? The Inverse Head and Shoulders is a bullish chart pattern that signals the buyers are in control. Here’s how it looks like… Now, let’s find out what the Inverse Head and Shoulders pattern really means… Left Shoulder – This is a pullback against the downtrend because of profit taking or eager buyers stepping into the market. Head – The sellers are still...
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By InvestingNote
InvestingNote is the first and largest social network for investors in Singapore.
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