$SLV Silver Inverse Head & Shoulders Weekly Chart

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SLV Silver Inverse Head & Shoulders Weekly Chart, The Inverse Head & Shoulders pattern is a bullish reversal pattern commonly observed in technical analysis. It typically consists of three troughs, with the middle trough (the head) being lower than the two surrounding troughs (the shoulders). This pattern suggests a reversal of a downward trend, with the price likely to move higher after the formation is complete. Traders often look for a breakout above the neckline, which serves as confirmation of the pattern and a potential entry point for long positions. The pattern is considered invalidated if the price breaks below the lowest point of the pattern.