The inverse head and shoulders play in the opposite of its bearish counterpart and can lead to fruitful gains. Below are two brief examples that demonstrate the power of the pattern from last month. They both hail from strong sectors representing the retail group which has been coming on as of late and the semiconductor group that has been robust now for some time.
IPHI tacked on another 5.1% yesterday on a lukewarm test at best which could be a solid tell. The stock took out an inverse head and shoulders pattern on 4/15 then burst through a 21.43 cup base pivot point on 4/30. IPHI is now higher by more than 20% from the original pivot.