Price has formed a bottom at 580, and a V shaped recovery is seen.
The level of 661 has been tested multiple times , in the last month
A small head and shoulder pattern is also formed with 661 as neckline
Now there is a breakout through this level
High vol on breakout candle is visible
Also, atr can be seen rising on and after breakout
Thus, there is a short term trade
sl 650
tgt 693
The level of 661 has been tested multiple times , in the last month
A small head and shoulder pattern is also formed with 661 as neckline
Now there is a breakout through this level
High vol on breakout candle is visible
Also, atr can be seen rising on and after breakout
Thus, there is a short term trade
sl 650
tgt 693
Trade closed: target reached
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.
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.