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Igor

Inverse Head And Shoulders Definition

By Igor, in Trading Dictionary

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Igor    10

Igor
Posted

The inverse head and shoulders pattern is used to signal the reversal of a current downtrend. It consists of three lows which look like an inverted head and shoulders pattern and the buy signal is when the price breaks above the neckline.The price then moves back up to the same resistance point (or an area close to it), before forming a third valley whose low is at the same level as the first, then moves back up and eventually breaks above the resistance.

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