This is a simple chart with a simple question posted by a newbie (so please be kind).
I would really love explanations or comments on whether this constitutes an inverse Head and Shoulders.
Are the "shoulders" at too disparate levels?
How important is it that the neckline aligns (down) against the anticipated reversal (up).
Does the lack of change in volumes negate the pattern?
Does the lower low of the down wick preceding the pattern negate it?
Please comment but with reasons, rather than yes/no, so that I (and maybe others) can learn.
Thank you