Points to Note: _______________________________ 1. Inverse Head & Shoulder Base, indicating accumulation with purpose 2. The right Shoulder also has printed an Ascending Triangle, reinforcing the aggressiveness of buyers 3. The Breakout of the Neckline was preceded by a HH, HL movement. Price is also sustaining well above the Neckline 4. The SPEED from the Ascending Triangle breakout will stand firmly on the STRENGTH of the H&S.
Considering these points, a buy can be initiated: Entry: CMP -220 SL:186 Target: 274 (Pattern Height of H&S)
Disclaimer: This is NOT a recommendation to trade, but my own observation. Please do your own analysis before entering positions.
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