A bullish head and shoulders pattern is forming on the 15-minute timeframe. For a better risk-reward ratio (RRR), I recommend waiting for another swing below the resistance.
However, a close above 661.17 may activate the pattern even without a smaller swing.
Consider entering at the close above resistance or on the pullback.
A good entry point is between 661.17 and the bottom of the right shoulder; the lower your buy price, the better the RRR. A close below the bottom of the right shoulder would invalidate the pattern.
The targets are 672 and 680.
However, a close above 661.17 may activate the pattern even without a smaller swing.
Consider entering at the close above resistance or on the pullback.
A good entry point is between 661.17 and the bottom of the right shoulder; the lower your buy price, the better the RRR. A close below the bottom of the right shoulder would invalidate the pattern.
The targets are 672 and 680.
Order cancelled
Figure change
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.