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Non-Tech : Kirk's Market Thoughts
COHR 164.80+0.8%3:59 PM EST
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To: #Breeze who wrote (16370)7/25/2023 10:17:29 AM
From: Kirk ©1 Recommendation

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One reason I find the pattern so powerful is so few seem to understand or know about it.

My 9th edition of "Technical Analysis of Stock Trends" that the publisher sent me to review and perhaps recommend on my websites and reading list, starts off Chapter Seven "Important Reversal Patterns" with several examples of how some call the "Head-and-Shoulders Bottoms" a more descriptive "Kilroy Bottom." Since then, many of us have used an even more descriptive name that seems well accepted:

FWIW in the "even you can learn something new everyday category."
From: #Breeze: People use the term inverse H&S. That is not the correct technical term. He's not a technician either. Message 34360441
What is an inverse Head and Shoulders pattern (H&Si)? (centralcharts.com)
An inverse Head and Shoulders (H&Si) pattern is a trend reversal chart pattern.
This chart pattern is the opposite of the traditional "Head and Shoulder (H&S)” pattern.
The principle of the pattern is identical to that of a triple Bottom, with the exception that the second trough is lower than the other two.
In theory, the height of both shoulders should be the same, and the neck line should be horizontal.
In practice, the shoulders are often not of the same height, or the neck line ascends or descends (depending on the shape of the shoulders in the pattern).


Graphical representation of an inverse head and shoulder pattern



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