Simple trend reversal pattern identification. Pattern preceded by Down trend Pattern location is very important for pattern to workout. here pattern is formed exactly at the breakout level. So chances of pattern to work out. Never follow patterns in isolation, combine other things with it. Breakout candle is having a wick, so have a cautious approach. Check...
Inverse Head and shoulders Pattern is the mirror image of head and shoulders pattern. Read about Head and Shoulder Pattern here: Inverse H&S Pattern is bullish reversal pattern. Signals the traders to enter into long position above the neckline. Volume play a major role in both H&S and Inverse H&S Patterns. Usually the spike in volume on breakout is...
inverse head and shoulders pattern breakout
Head and Shoulder forms in an uptrend. It is a reversal pattern. chart is self-explanatory
Inverse head and shoulder forms in downtrend and it is a reversal pattern.
This Exide Industries Chart is a perfect example of a Head & Shoulders pattern moving into an Inverted Head & Shoulders pattern. In the H&S pattern, the neckline forms a crucial support level, whereas in an Inverted H&S, the Neckline forms crucial resistance. In this particular pattern, volumes have increased during formation of the Head & Right Shoulder in...
Spotted Inverted Head & Shoulders breakout in daily chart. Disclaimer: This is meant only for education and also to track my own progress in learning TA. I neither recommend nor suggest anyone to take this trade.
Marico has provided an inverted head and shoulders breakout in the weekly timeframe, can be confirmed with huge volume during breakout.
Logic 1) H&S pattern formation 2) Major trend is sideways, (if we see for a long term trend ) 3) Even after breakdown we have to wait for the supportzone, so taking a short call should be with confirmation. 4) 200 moving average is acting as support ,closing below it will intiate a fresh selling. I am not recomending anything it is just an observations
📚 LEARN MORE 💰 EARN MORE With ForecastCity Inverted Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “ Neckline ” is drawn by connecting the highest points of the two Peaks....
It is on the verge of an IHS breakout in weekly time frame above 112. V good support between here to 95. The Inverse Head & Shoulder upside levels are 150 / 175 / 200 over the medium term.
Upper Channel Break down and Possible Head and Shoulder formation
the famous head and shoulder pattern formation for the best company
If the stock crosses 188.5 level with high volume, it can form reversal head and shoulder pattern. Keep a watch. Note - This is just for educational purpose, happy to hear your views.
Dmart broke out from H&S pattern + is was forming a triangular pattern.
Disclaimer: Just for Study purpose, trading/investing not recommended on this analysis it can be wrong. Reliance gives classic examples where it shows similar targets with help price action and Elliot waves. Inverse Head and shoulders breakout target seems to reached As 3rd Elliot wave is extended 5th Wave should be normal (not extended) During Run up it...