Trading Inverse head & Shoulder ft. Indus
The inverse head and shoulder is a reversal pattern that occur in a downtrend. Imagine a person doing yoga upside down, that's what this pattern looks like so some key takeaways before trading this bullish chart pattern:-
1) The left and right shoulder should be roughly equal, In my chart its inclined inverted head and shoulder pattern so use the tool given by tradingview.com for this purpose as it's accurate.
2) Don't trade without breakout a retest so here in my chart it gave a good breakout by a bullish candle and finally retested in this week.
3) Keep SL, Targets and you're ready to rock! :D
1) The left and right shoulder should be roughly equal, In my chart its inclined inverted head and shoulder pattern so use the tool given by tradingview.com for this purpose as it's accurate.
2) Don't trade without breakout a retest so here in my chart it gave a good breakout by a bullish candle and finally retested in this week.
3) Keep SL, Targets and you're ready to rock! :D
Comment:
TARGET 1 ACHIEVED. BOOK PARTIAL PROFITS
Trade closed: target reached:
ALL targets achieved