Forming inverted head and shoulders pattern.
Confirmation: The pattern is considered confirmed once the price closes above the neckline.
False Breakouts: Be cautious of false breakouts; waiting for a retest of the neckline from above can provide additional confirmation.
Confirmation: The pattern is considered confirmed once the price closes above the neckline.
False Breakouts: Be cautious of false breakouts; waiting for a retest of the neckline from above can provide additional confirmation.