Major 7 can replace Major triads for chords I and IV in Major keys.
Major chords use these degrees of the major scale: 1, 3, 5, 7
E Major 7 uses the notes: E, G#, B, D#
Our inversion uses the notes in this order: E, B, D#, G#
This major 7 inversion can be created by taking this dominant 7th chord (from the series 12 dominant 7th guitar chords every guitarist should know) and lowering the 7th one fret.
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