@vegemitecrumpet"As you correctly stated the beginning of the...

@vegemitecrumpet
"As you correctly stated the beginning of the inverse h&s pattern occurs after a downtrend."
yes that's correct, if this pattern is a trend reversal pattern then prior trend must be downtrend for this pattern to be valid

"The formation of the left shoulder in this instance occurs after the sp retraces from: 0.16 to 0.073 (-54.49%). Although it occurred over a relitively short time frame, it's quite a significant retrace"
you see, you mentioned the word "retrace", so when would retrace happen? only in uptrend, do we call it retrace when it's in the downtrend?

or maybe there's no any textbook chart pattern exist at this stage?