HiyaIt's not a very common pattern so one of those that's easy...

Hiya

It's not a very common pattern so one of those that's easy to look past especially if using short time axis. If you take AIS's chart out to a one month time frame, you'll see one started forming in 2018 but failed in January 2022. The current possible C&H on the monthly doesn't look awesome but bring the time frame to weekly and it becomes much clearer (IMHO).

Here's the monthly view


and the weekly



My confidence in a C&H started with the reversal near end of March which is where I bought my larger parcel. There's still possibility for the pattern to break down and SP needs to clear the top of the cup (760) to confirm it. This is where the fundamentals (and sentiment) come in to support the move.

I note your chart at 3hr interval, can't say I use this time frame but will go down to 1-5 minute only for day trading. Again, IMHO charting is subjective and what works for one, might not for others which is one thing I love about them, they allow you to find what works for you. An additional technique I think you will find interesting if you don't already use it is VSA - Volume Spread Analysis, very powerful once you start seeing it. My screener alerted me to AIS due to VSA in February.

I still see a slow down around 690/695 with a possibility of retesting 655/645 likely this week IMHO. Of course I only want a vertical trend but .. we can't always get what we want (bet that song sticks in your head today)

Happy charting and all the best for your trading/investing/whatever. I am positive about AIS right now and bullish about copper for future electrification needs. And always looking to learn and very happy to have other chartists to bounce ideas off of.

GLTA

Chris