Is Reverse Head and Shoulders Chart Pattern Bullish or Bearish?

Reverse Head & Shoulders Trading Pattern

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

Summary:

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

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

Example of Inverse Head & Shoulders Chart Pattern on a XAUUSD Chart

Analysis of Reverse Head and Shoulders Chart Pattern