Complex Head and Shoulders Bottom

An inverse head and shoulders with two or more shoulders on a side under one flat neckline; completes on a close above it.

The bottom version of the complex head and shoulders: several shoulder lows around one lower head, all capped by the same horizontal neckline.

Rare; extra shoulders make the pattern wider, so it needs the full minimum length.

How we define it

7 or 9 alternating swings of at least 2 ATR: one head (the lowest low) and at least three shoulders, two on at least one side
Neckline: all rally highs within 3% (or 15% of the depth) of each other, at least 3 on the line; no close above it before the breakout
Shoulders at 30-85% of the head depth and within 25% of each other; the prior trend is down or sideways
Minimum length: 2 months on 1D, 3 months on 1W, 10 days on 4H
Breakout (up) / breakdown (down): the first candle close beyond the boundary by at least 3% on 1D and 1W (1.5% on 4H)
Failed breaks: a breakout or breakdown that closes back inside the boundary within 6 candles on 4H, 5 on 1D or 3 on 1W is removed from the list
Trend filter: breakouts only above the 200-period EMA (40-week EMA on 1W), breakdowns only below it
Watchlist: the pattern is complete but unbroken and price is within 3% (or 1 ATR, at most 6%) of the boundary

No complex head and shoulders bottom has completed recently. See all patterns.

No mature complex head and shoulders bottom is close to its breakout or breakdown level right now.