A Discussion on $J: Pattern, Target, Local Wave Structure

Jacob’s Engineering has a few notable features.

It has an inverse head and shoulders pattern that looks mature. I have noted the target on the chart. A decline that falls below the right shoulder would draw this interpretation into question (so, mental stop there).

A promising feature is the nature of the advance from 2/24 low. It’s a clear impulse wave, and that’s a good sign. It increases the probability that we may expect further advances from this point.