Inverted Head and Shoulders Pattern

This video reviews this day traders favorite charting pattern, the inverted head and shoulders which resembles a W bottom.  He reviews a few examples of trades that he placed and mentions that it is very important to see volume on the break through the neckline of the inverted head and shoulders. This pattern tends to occur near significant bottoms in the market or a stock. 

A trader needs to train their eyes to spot this pattern and be flexible in identifying it.  He mentions how he likes to see a tight consolidation on the right shoulders before it breaks out.  This indicates an unwillingness for the stock to back down and shows its energy building without a retracement.
Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

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