SWBI: Can you guess what this pattern is called? Long

Smith & Wesson Brands, Inc.NASDAQ

Description

⋅ Oct 16, 2023 6:59 PM

If you guess "inverse head and shoulders," you are correct! Clean breakout over long-term resistance line (marked in red). There is a strong likelihood that the share price will approximately double over the next 12 months. 2024 is an election year.

Elliott Wave Head and Shoulders