PhilipCarb - Inverse Head and Shoulder

Preceding Trend: Down

Time Frame: Daily chart

Bullish reversal
Pattern: Inverse Head & Shoulder

Observation:
Down sloping neckline
Almost equal shoulder lows
Neckline breakout with high volumes
Decent pullback close to neckline after breakout

Potential upside 15%

Pattern fails if price closes below the low of right shoulder