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DAY 14 – INVERTED H&S
The Inverted Head and Shoulders is a reversal pattern, meaning that the market was going down but starts to lose strength.
It is a structure based on movement blocks:
Down → bounces → goes down more → bounces → goes down less.
This shows that sellers are becoming weaker.
Parts of the pattern:
• First shoulder
First attempt at a drop.
• Head
Second drop that goes further down.
• Second shoulder
Third drop that does not manage to go down as much.
• Neckline
Area where the price bounces between each drop.
What to observe?
→ Three clear drops
→ The head is lower
→ Similar shoulders
→ Visible neckline
Key idea
→ It is not an inverted H&S until it breaks the neckline
→ Before breaking, it is only a possibility
Confirmation
→ The pattern is confirmed when the price breaks the neckline
→ After the break, an upward movement usually follows 📈
#TeamTekaAcademy #Tekacoin #STATSVOIP #LearnWithTeka
DAY 14 – INVERTED H&S
The Inverted Head and Shoulders is a reversal pattern, meaning that the market was going down but starts to lose strength.
It is a structure based on movement blocks:
Down → bounces → goes down more → bounces → goes down less.
This shows that sellers are becoming weaker.
Parts of the pattern:
• First shoulder
First attempt at a drop.
• Head
Second drop that goes further down.
• Second shoulder
Third drop that does not manage to go down as much.
• Neckline
Area where the price bounces between each drop.
What to observe?
→ Three clear drops
→ The head is lower
→ Similar shoulders
→ Visible neckline
Key idea
→ It is not an inverted H&S until it breaks the neckline
→ Before breaking, it is only a possibility
Confirmation
→ The pattern is confirmed when the price breaks the neckline
→ After the break, an upward movement usually follows 📈
#TeamTekaAcademy #Tekacoin #STATSVOIP #LearnWithTeka