Dupont (DD is in an overall bullish market, but has been stalling a bit since tagging 86.00 in July. In fact, it looks like it might be forming a head and shoulders pattern in the daily chart.Dupont (DD) Daily Chart(click to enlarge)Head and Shoulders:- The head and shoulders pattern could still be developing. We have a left shoulder, a head, and a neckline. But we don't have a right shoulder yet.- If price fails to push above 84 and falls back below 80, then we would have a completed head and shoulders.- This might open up the 75-76 area. Bullish Engulfer:- While this price top scenario is still possible, the 8/30 session bullish engulfing candle suggests a more bullish outlook.- Furthermore, note that price has stayed above the 200- and 100-day simple moving averages (SMAs), which reflects bullish bias.- Finally, the RSI held above 40, which suggests maintenance of the bullish momentum. - The bullish engulfing candle is therefore a sign of bullish continuation and puts a lot of pressure on the 84.00 resistance pivot.- A break above 84 would be another bullish continuation signal towards 86 and beyond.