How Do You Interpret Reverse Head and Shoulders Chart Pattern?

How Do I Read Reverse Head and Shoulders Chart Pattern?

Reverse Head & Shoulders Chart Pattern is a reversal chart pattern that is formed after an extended gold downward trend move. Reverse head and shoulders chart pattern resembles an upside down head and shoulders chart pattern.

Reverse Head & Shoulders Pattern is considered complete once the xauusd price penetrates & moves above neck-line - the neck-line is drawn by joining the 2 xauusd price peaks that are between the reverse shoulders.

To open a buy gold trade - traders place their buy stop pending xauusd trade orders just above neck line.

Summary: How to Interpret Reverse Head & Shoulders Pattern?

• Reverse Head and Shoulders XAUUSD Chart pattern forms after an extended gold downward trend move
• Reverse Head and Shoulders Chart Pattern signals that there will be a reversal in the downward gold trend
• Reverse Head & Shoulders Chart Pattern formation resembles an up-side down head and shoulders pattern - thus its name - Reverse Head & Shoulders Chart Pattern.
• Gold traders will buy when price breaks-out above neck line: as described on the reverse head and shoulders chart pattern example illustrated and explained below.

Interpret Reverse Head and Shoulders Chart Pattern - How to Analyze Reverse Head and Shoulders Chart Pattern?

Reverse Head and Shoulders Chart Pattern on a XAUUSD Chart - How Do I Read Reverse Head and Shoulders Chart Pattern

How Do You Interpret Reverse Head and Shoulders Chart Pattern

Interpret Reverse Head and Shoulders Pattern?