Head and shoulders bottom
1. Introduction
Head and Shoulders Bottom is a bullish pattern consisting of three bottoms and two tops. This pattern means that the trend has reversed, forming a short-term uptrend.
2. Feature
2.1 The pattern contains three bottoms (left shoulder, middle bottom, right shoulder), and generally the bottom in the middle is the lowest point;
2.2 The two tops are roughly on the same horizontal line;
2.3 The price has recently broken upward through the neckline.
3. Example
601872 has a Head and Shoulders Bottom Pattern on June 18, 2021.
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