What is inverted Head and Shoulder? What are their conditions to determine the bullish trend?

[Swaminathan]

Inverted Head and Shoulder is wherein you have three bottoms with the middle bottom the lowest. The volume should be high at the right of the pattern. The pattern should have been formed over one month.

[Ramesh Selvaraj]

The left shoulder volume should be high.

Right shoulder volume may be low.

3 month gap between each shoulder

Short position should be considered at breaking point of neck line

[Bagya]

Inverted Head and Shoulder formation determines the accumulation phase, i.e. bullish trend.   Conditions are

1. Three consecutive inverted peaks with the center peak deeper than the side ones and the side ones of equivalent height which forms a Left Shoulder-Head-Right Shoulder pattern.
2. The duration between the start and end of the pattern should be minimum 3 months.
3. Significant volume during the right shoulder indicating strength of buyers.

After meeting all these criteria, if it across the neckline, then that is bullish trend and a indication to create long position.

[Delhirani]

Inverted Head and Shoulder is the opposite of normal Head and shoulder.

The conditions to determine the bullish trend are,

-The Head should be the highest among the recent price action.

-The volume during the Left shoulder should be highest.

-Right shoulder volume should be low as possible.

-The duration to form the each pattern is minimum 1 month.

[jagadheesh]

A chart pattern used in technical analysis to predict the reversal of a current downtrend.
Volume Confirmation
LH Shoulder – high volume
Head – declining volume
RH Shoulder – low volume
Neckline – must be broken on high volume

[Author]

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