Inverted Head and Shoulders

Inverted Head and Shoulders
This is described as the reversal pattern that consists of three lows with a Head that is represented as the central low which is regarded as the lowest peak of the style and the neighboring peaks as shoulders. It represents a fall to the low and rally to instant resistance which is followed by the second fall to the lower level than the third. A neckline can be drawn through the style that reaches from one shoulder to another, with the inverted head and shoulder. This pattern is regarded as the most significant of the reversal patterns as they are both reliable and common.