Head and Shoulders Pattern on the 1H and Daily Timeframes

Key Observations:
1. **Bullish Gartley Pattern on the 2-Day Timeframe**
- This is a strong reversal pattern, indicating potential upside.

2. **Head and Shoulders Pattern on the 1H and Daily Timeframes**
- The **inverted head and shoulders** suggests a bullish breakout, especially after a long consolidation phase.

3. **Consolidation for Almost 3 Years**
- If this consolidation is ending, a breakout could be significant.

4. **Indicators Showing Bullish Divergence**
- **MACD turning up**
- **RSI divergence (lower price, higher RSI)**

### Potential Upside Target: **178 GBX**
- If the reversal plays out, your projection to **178 GBX** is possible.

However, keep an eye on key resistance levels like **116.4**, **127.3**, and **151.5**. If price struggles at these levels, short-term retracements might occur before a full breakout.

As of June 2024, Alphawave IP Group plc (LON:AWE) reported the following financial figures:

- **Debt-to-Equity Ratio**: 49.6%, with total debt of US$217.9 million and total equity of US$439.2 million. citeturn0search0

- **Cash and Cash Equivalents**: US$76.3 million. citeturn0search0

Additionally, the company's total assets were US$873.0 million, and total liabilities amounted to US$433.8 million. citeturn0search0

These figures indicate that Alphawave IP Group has a moderate level of debt relative to its equity and maintains a cash position that contributes to its financial flexibility.
⚠ **Not Financial Advice** – Always manage risk and confirm signals before trading.