There was a prevailing uptrend.
The price rises to a peak (Left Shoulder) and subsequently declines to form a trough.
The price rises again to form a second high (Head) substantially above the initial peak and declines again.
The price rises a third time, but only to the level of the first peak (Right Shoulder), before declining once more.
Short Position can be created.
Entry at 221; Target price 195; Stop Loss 247.