Inverse head and shoulders with a gap to close towards 1070$

8 Tem

The price is completing the formation of an inverse head and shoulders pattern, with a head-to-neckline distance of approximately $300.

This suggests a potential breakout target around $1070.
Along the way, there is also a significant gap that has remained unfilled for several months.

The stock belongs to a company that manufactures power management chips used in all types of electronic devices, with steadily growing revenue

8 Tem

Not

8 Tem

Not

Wait for a 1H or 4H Candle Close Above the Neckline for More Confirmation

After the breakout of the inverse head and shoulders pattern, a pullback to the neckline often follows — this is typically the best entry point.

For greater confirmation, it’s advisable to wait for a 1-hour or 4-hour candle to close above the neckline before entering a position