C has broken out of a short-term pennant on its way to a targeted 4.40, which matches the neckline of an inverted head-&-shoulders pattern it failed to break out of previously. In this case, this identification is a day late, so would be chasing, a practice that should not be indulged. It should have been purchased at this time yesterday, when the price had jut broken out of the pennant and one's stop-loss point would have be under the upper pennant line.
What pattern is seen in the picture? and what is the explanation?
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