“Inverse Head & Shoulders” Classical Chart Pattern Stock Screener

The inverse head and shoulders is a bullish chart pattern in technical analysis characterized by three troughs: a lower low between two higher lows; it suggests a potential trend reversal from a downtrend to an uptrend and is often seen as a signal to buy

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This post focuses on customizable factory scans associated with Inverse Head & Shoulders classical chart pattern. These factory scans can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.

Display recent Inverse Head & Shoulders classical chart patterns

Tags: 

List symbols where pattern is Head & Shoulder Inverse

Add Column Head & Shoulder Inverse Status as Status
Add Column Head & Shoulder Inverse Target as Target
Add Column Head & Shoulder Inverse Date as Date

Apply to NSE

Plot

This scan identifies NSE symbols that have recently formed an Inverse Head & Shoulders pattern.

The output report indicates the present status of this pattern, specifying whether it is confirmed or unconfirmed, and if the target has been reached.

Additionally, it provides information on the Inverse Head & Shoulder target level and the date when the pattern was triggered.

Confirmed Inverse Head & Shoulders classical chart patterns

This scan code specifically focuses on confirmed Inverse Head & Shoulders patterns. It also presents the number of bars since the pattern was triggered.

List symbols where pattern is HeadShoulderInverse
and HSIStatus = Confirmed

Add Column HSIStatus 
Add Column HSITarget
Add Column HSIDt
Add Column BarsSince(pattern is HeadShoulderInverse) as BS

Apply to NSE

Plot

For insights into the Inverse Head & Shoulders classical chart pattern, including the psychology underlying the pattern, and how to trade the pattern, as well as an exploration of its advantages and limitations as a tool, click here.

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