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If the neckline breaks and then pulls back to stabilize, that feeling is really satisfying.
The inverse head and shoulders stock chart pattern is used as a predictor for the reversal of a downward trend. It is also sometimes called the “head and shoulders bottom” or even a “reverse head and shoulders, ” but all of these names mean the same thing within technical analysis.
It gets the name from having one longer peak, forming the head, and two level peaks on either side which create the shoulders.