52 week highs and all time highs strategy

A Setup that i am finding will a possible Bullish bias is that of MSTC:

• The stock made an ATH in Oct-2021 of 499 post which it was a retracement over 8-10 months to 210 levels.
• Currently it seems to be forming a Inverse H&S pattern, a classic bullish reversal pattern. This pattern has been forming since Nov 2021.
• The stock has given a slant break, and looks likely to complete the right shoulder which is in process.
• It also seems to be respecting a Channel, which multiple touches at channel tops and bottoms (orange circles).
  How i personally view the accuracy of the channel drawn is by seeing the middle channel line and the touches to that (bounces of the middle channel line).

If the Inverse H&S pattern does complete and break, we could have a reversal in trend and decent upside in the future possibly touching the channel top.