This chart displays an inverse H&S, touches of the LS can be seen on 1.618, and the head touching on 2.618.
We know this is a trend reversal pattern due to the MA currently acting as a support, contrary to the previous resistance line during the formation of the H&S.
This is a weekly chart.
Buy is warranted.
Entered a swing calls Friday morning. First take profit point is the upcoming dotted red line (13.00) and the second take profit line is 18.55. I believe the momentum of a 2nd surge and upcoming catalysts with the massive 14 million dark pool buy right before the close on Friday will make INO rise in the short to mid term.
