Watch for a reversal (higher low + higher high) #PTRN

Scenario Checks & Trade Triggers

Here are possible scenarios / “what ifs” to monitor, based on pattern logic:

Bullish breakout
If PTRN breaks above resistance (~$13.70–$14.50) on strong volume, that could suggest a move toward new highs (or at least a test of prior highs).

False breakout / retest
A breakout that fails and falls back into the range would be a warning. Watch for price retesting resistance as support (which fails) or failing to hold near the breakout zone.

Bearish breakdown
If it falls below the lower side of the range (support ~ $12.60–$13.50), that could initiate a sharper downward move or test lower levels (depending on where the next structural support lies).

Continuation / sideways
PTRN may spend more time in a consolidation range before picking a direction (especially given IPO noise).

Volume & momentum confirming signals
Because the history is short, confirmation (especially via volume, momentum indicators like RSI, MACD, etc.) will be crucial before committing in a direction.