A Kilroy Pattern is just a head & shoulders pattern flipped, so instead of a top, it signals a bottom. Chipotle $CMG has completed a multi-month head and shoulder pattern after a brutal couple years of decline.CMG Weekly Chart(click to enlarge)Price Bottom?- The daily chart shows CMG breaking above the inverted head and shoulders pattern.- I think there is short-term upside towards the $350-$360 area. - But it is too early to call this a bullish reversal.- Before that, if price comes down and holds above $300, this would be another bullish signal that would put pressure back on the 350-360 resistance.- If price does bottom, we can anticipate a recovery with upside to $400 and even $500. $440 is a common resistance as well.