Inverted Head And Shoulders Pattern

Bank Tabungan Negara Tbk (BBTN)

Inverted Head And Shoulder is the opposite of the pattern of Head And Shoulders, Pattern also has a high level of reliability even more rarely appears. Statistics show occurred during the same period 330 time Inverted Head and Shoulders pattern (compare with the Head And Shoulders that occurred 406 time). This pattern of failure rate of only 5%, and generally formations formed within a few weeks to six months.

 BBTN graphic images show the pattern of Inverted Head And Shoulder is perfectly formed. Breakbullish had already happened which is supported by a large volume. Entry point to buy at position 1410 and a limit to cutloss very close to the position in 1360 and 1700 price target would be reached till 1750.pullback in the figure will likely happen within the next few days before reaching its target share price.