My knowledge is far inferior to the owner of this board, but I would consider it an inverted head and shoulders due to the fact that it was falling hard prior to forming the pattern. It is my understanding that typically C&H's are formed in an uptrend or sideways movement. Well, those are the ones with higher success rates.
But anyway, IMO inverted head and shoulder taking into account previous trend. First resistance was broken today w/ volume, confirming new uptrend.
If my edumucation needs fixin please chime in. Thanks for posting!
Difference is one is a continuation pattern, the other a reversal patern. Terminology problem. If a rounded bottom develops a retrace at top resistance it's call throwback and can be watched for a second attempt to break above top resistance. Targets are determined the same. Small entry on retrace reversal and larger at resistance break.
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