Is Reverse Head and Shoulders Chart Pattern Bullish or Bearish?

Reverse Head and Shoulders Chart Pattern

Reverse Head & Shoulders Chart Pattern is a Bullish XAUUSD Chart Pattern - Reverse Head and Shoulders Pattern is a Bullish Gold Trading Signal Pattern

Summary:

• Inverse Head and Shoulders Pattern forms after an extended move downward
• Inverse Head & Shoulders Pattern indicates that there will be a reversal in xauusd market
• Inverse Head & Shoulders Pattern formation resembles upside down, thus its name Inverse Head and Shoulders Chart Pattern.
• We buy when price breaks-out above neck line: as described on the xauusd example illustrated & explained below.

What Does Inverse Head and Shoulders Chart Pattern Mean? - What Happens to Gold Price Action After a Reverse Head and Shoulders Pattern?

Examples of Inverse Head and Shoulders Pattern on a Gold Chart

Technical Analysis of Reverse Head and Shoulders Chart Pattern