Inverse Head And Shoulders

That's a real breakout because price pushed through the neckline and kept climbing for days. Traders call this setup the Inverse Head and Shoulders pattern.

It marks the moment a downtrend runs out of steam and flips upward. You get a shoulder then a deeper head then a second shoulder before the neckline finally breaks upward.

Smart traders wait for a confirmation candle and set their stop below the right shoulder.