The Inverse Head and Shoulders pattern is a bullish counterpart, signaling a potential upward reversal after a downtrend.
Key Features: 1-Three troughs, with the middle trough (head) lower than the two outer troughs (shoulders). 2-Indicates a shift from bearish to bullish trend.
Pros: 1-Strong bullish reversal indicator. 2-Effective in identifying bottom points.
Cons: 1-Requires volume confirmation. 2-Can be less reliable in choppy markets.
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