What is a head and shoulders chart pattern?

The head and shoulders pattern is regarded as one of the most trustworthy chart patterns in technical analysis. As a result, both beginner and experienced traders use it to their advantage to find new trading opportunities.

How reliable is a head and shoulders chart?

The head and shoulders chart is said to depict a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. Investors consider it to be one of the most reliable trend reversal patterns. How Reliable Is a Head and Shoulders Pattern?

What is the opposite of a head and shoulders chart?

The opposite of a head and shoulders chart is the inverse head and shoulders, also called a head and shoulders bottom. It is inverted with the head and shoulders bottoms used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics:

What is inverse head and Shoulders pattern?

An inverse head and shoulders, also called a "head and shoulders bottom," is similar to the standard head and shoulders pattern but inverted, with the head and shoulders top used to predict reversals in downtrends. It is a bearish-to-bullish indicator. What Is the Opposite of a Head and Shoulders Pattern?