Recently, there is a pattern that I keep encountering almost everywhere in the market, and it makes me think. Most crypto charts are starting to form a tobo pattern. You may have heard of it; this pattern is truly loved by investors, and it also has a fairly high success rate.

What we call the tobo pattern is actually an abbreviation of Ters Omuz Baş Omuz. It is a chart pattern widely used by technical analysts in financial markets. It usually appears at the end of a downtrend and is seen as a sign that the trend will reverse.

If we need to explain the structure of the pattern, it consists of three main parts. First, in the left shoulder, the price drops to form a low, and then it recovers a bit. Next, in the section called the head, the price falls again and, this time, goes to a deeper level than the left shoulder; it then recovers again. Finally, in the right shoulder, the price falls once more, but this time it does not go down to the depth of the head; instead, it makes a low at a higher point, and then starts rising.

For the tobo pattern to be completed and to truly work, there is a very important point. The price must break the level known as the neckline. Breaking this line means that the upward move will continue, which is an indication that the pattern is successful.

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