LMT bull?

LMT appears to have completed three legs down to a support line, which is in confluence with the 50 day ma. This price action also paints a possible inverse head and shoulders. Could be a possible first leg up for a 3 leg move. Watching for a possible melt up out of the .5-.62 fib level, trend line break for possible leg 2 for a quick buck or two.

Don't trade this set up, this isn't financial advice. See the nickname? Not a professional here, just drawing pretty lines on a x-y graph.