Reverse Head and Shoulders Chart Pattern
Reverse Head & Shoulders Chart Pattern Reversal Gold Signals
This is a downwards reversal head & shoulders chart pattern which forms after an extended XAUUSD downward xauusd trend. It resembles an upside-down head and shoulders trading pattern.
This reversal xauusd reversal strategy pattern is considered complete once gold price penetrates above neck-line, which is plotted by joining these 2 peaks between the reverse shoulders pattern.
This reversal xauusd reversal strategy pattern is confirmed once the gold price moves above the neckline
Summary:
- This reversal xauusd reversal trading strategy pattern forms after an extended move downwards
- This reversal xauusd reversal trading strategy pattern indicates that there will be a reversal in gold trading market
- This reversal xauusd reversal strategy pattern resembles is upside-down, thus the name Reverse.
- We buy when price breaks-out above the neck line point: see the chart below for explanation.
Downward XAUUSD Trend Reversal Trading Strategy - Reverse Head & Shoulders Chart Pattern
Downward XAUUSD Trend Reversal Trading Strategy - Reverse Head & Shoulders Chart Pattern
