Inverted Head and shoulder

An Inverted Head and Shoulders pattern is a bullish reversal chart pattern that usually forms after a prolonged downtrend, signaling a potential shift from bearish to bullish momentum. It consists of three troughs: the left shoulder, a deeper head, and the right shoulder, which is typically similar in depth to the left shoulder. The highs between these troughs create the neckline, and a decisive breakout above the neckline confirms the pattern, indicating that buyers have gained control. Higher trading volume during the breakout strengthens the signal, and the expected upside target is commonly estimated by measuring the distance from the head to the neckline and projecting it upward from the breakout level.