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

$88.84+2.93%

$523.37+2.49%

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