Head and Shoulders Bottom, Definition
A bullish reversal pattern marked by three prominent lows with a middle low, the head, that is lower than the other lows, that represent the shoulders. The trendline that connecting the peaks at the top of the pattern is called the neckline. When it is broken, the pattern is complete. An increase in volume from the bottom of the head and continuing through the right shoulder confirms the validity of the formation. See also: Head and Shoulders, Head and Shoulders Top