Head and Shoulders Pattern on the 1H and Daily TimeframesKey Observations: 1. **Bullish Gartley Pattern on the 2-Day Timeframe** - This is a strong reversal pattern, indicating potential upside. 2. **Head and Shoulders Pattern on the 1H and Daily Timeframes** - The **inverted head and shoulders** suggests a bullish breakout, especially after a long consolidation phase. 3. **Consolidation for Almost 3 Years** - If this consolidation is ending, a breakout could be significant. 4. **Indicators Showing Bullish Divergence** - **MACD turning up** - **RSI divergence (lower price, higher RSI)** ### Potential Upside Target: **178 GBX** - If the reversal plays out, your projection to **178 GBX** is possible. However, keep an eye on key resistance levels like **116.4**, **127.3**, and **151.5**. If price struggles at these levels, short-term retracements might occur before a full breakout. As of June 2024, Alphawave IP Group plc (LON:AWE) reported the following financial figures: - **Debt-to-Equity Ratio**: 49.6%, with total debt of US$217.9 million and total equity of US$439.2 million. citeturn0search0 - **Cash and Cash Equivalents**: US$76.3 million. citeturn0search0 Additionally, the company's total assets were US$873.0 million, and total liabilities amounted to US$433.8 million. citeturn0search0 These figures indicate that Alphawave IP Group has a moderate level of debt relative to its equity and maintains a cash position that contributes to its financial flexibility. ⚠ **Not Financial Advice** – Always manage risk and confirm signals before trading.

Long

by TONYMONTANA87

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