Chart pattern · Reversal · Bullish
What is it, in one line
The mirror of Head and Shoulders: three troughs, the middle lowest, both shoulders roughly level.
Bullish · Reversal · verdict: Traditional claim, not yet measured here
The mirror of Head and Shoulders: three troughs, the middle lowest, both shoulders roughly level.
Method
Conventional target: A break above the neckline projects a rise equal to the head-to-neckline distance.
Invalidated by: A close back below the neckline invalidates the pattern.
Traditional claim, not measured
This is the standard technical-analysis interpretation. It has not been tested against our dataset the way the candlestick formations have.