Learn how to identify and trade bullish inverse head and shoulders forex pattern and take your forex trading strategies to a new level.

The Head And Shoulders Pattern Defined A number of technical analysis disciplines, from Elliott Wave to Dow Theory, use an analysis of highs and lows to define trends and identify potential reversals.

But, as noted above, not a breakout of the head and shoulders pattern as the 65,523 marks that price level. If an upside breakout of the pattern triggers the 67,273-swing high becomes the next target.

What to know: BTC’s latest drop may be setting the stage for a head-and-shoulders bearish reversal pattern. The completion of a pattern would signal an extended downside toward $75,000.

A crypto analyst predicts Bitcoin could climb to $79,000 by June if an inverse head-and-shoulders pattern forms on its price chart.

BTC’s price action since late November has evolved into what technical analysts call a “head and shoulders” (H&S) pattern, which foreshadows a bullish-to-bearish trend change.

Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs, Valkyrie's analysts said.

SOXX provides relatively diversified exposure to US semiconductor companies. Read why I rate SOXX a "sell" until the outlook and trend are clearer.

BTC price predictions include $80,000 thanks to Bitcoin printing a head and shoulders reversal pattern.