INVERSE HEAD AND SHOULDER can be utilized to predict reversals in downtrends. Once an inverse head and shoulders pattern is completed, it indicates a bull market. Investors usually take a long position when the price exceeds the neckline resistance.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.