INVERSE H & $
Traditionally, you would trade the inverse head and shoulders by entering a long position when the price moves above the neckline. You would also place a stop-loss order (trade stop at a set point) just below the low point of the right shoulder.
An inverse Head and Shoulders (H&Si) pattern is a trend reversal chart pattern.The principle of the pattern is identical to that of a triple Bottom, with the exception that the second trough is lower than the other two. In theory, the height of both shoulders should be the same, and the neck line should be horizontal
Traditionally, you would trade the inverse head and shoulders by entering a long position when the price moves above the neckline. You would also place a stop-loss order (trade stop at a set point) just below the low point of the right shoulder.
An inverse Head and Shoulders (H&Si) pattern is a trend reversal chart pattern.The principle of the pattern is identical to that of a triple Bottom, with the exception that the second trough is lower than the other two. In theory, the height of both shoulders should be the same, and the neck line should be horizontal