BTC Daily Inverse Head and Shoulders Pattern
This pattern is identified when the price action of a security meets the following characteristics:
1. The price falls to a trough and then rises;
2. The price falls below the former trough and then rises again;
3. Finally, the price falls again but not as far as the second trough.
Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
https://www.investopedia.com/terms/i/inverseheadandshoulders.asp
1. The price falls to a trough and then rises;
2. The price falls below the former trough and then rises again;
3. Finally, the price falls again but not as far as the second trough.
Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
https://www.investopedia.com/terms/i/inverseheadandshoulders.asp
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.