Hewlett Packard Enterprise $HPE has been in correction from heights of almost $19.50 a share in March to about $14.45 by July. But after this correction, HPE could be setting up to continue the prevailing bull trend.HPE Daily Chart(click to enlarge)Inverted Head & Shoulder:- The daily chart shows that price action has formed an inverted head and shoulders pattern with a neckline around $16.23.- Hindsight also shows us a bullish divergence between the price lows and the RSI lows around 30. - Finally, we will see that price held above the 100-week simple moving average (SMA) as well as a rising trendline going back to 2016. (Refer to the weekly chart below)- The maintenance of the long-term bullish trend with the appearance of a price bottom on the daily chart, suggests HPE could be heading for a bullish continuation.- A break above $16.25 should give the market more confidence in this scenario. - If there is a pullback after the breakout, we should anticipate support at or above $16. But 15.50 will be the last line of defense for the bullish scenario.HPE Weekly Chart(click to enlarge)