PhilipCarb - Inverse Head and Shoulder
Preceding Trend: Down
Time Frame: Daily chart
Bullish reversal
Pattern: Inverse Head & Shoulder
Observation:
Down sloping neckline
Almost equal shoulder lows
Neckline breakout with high volumes
Decent pullback close to neckline after breakout
Potential upside 15%
Pattern fails if price closes below the low of right shoulder
Time Frame: Daily chart
Bullish reversal
Pattern: Inverse Head & Shoulder
Observation:
Down sloping neckline
Almost equal shoulder lows
Neckline breakout with high volumes
Decent pullback close to neckline after breakout
Potential upside 15%
Pattern fails if price closes below the low of right shoulder
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