Oct

31

IHS (Inverse Head and Shoulder)

By Lawrence Chan   on 2010 Oct 31 Sun 11:22:51

Inverse Head and Shoulder is the upside down chart pattern of Head and Shoulder. Contrary to popular subjective usage or description, IHS should not have its right shoulder dropping below the low of the left shoulder. The neckline should be very much a horizontal line. All other subjective ways of drawing IHS do not have the statistical bias provided by the pattern. The target are for IHS is 100% range expansion to the upside.