Head and Shoulder Pattern is visible in UPL (neckline marked as yellow line)
On higher time frame, the level of 577.6 is an important support level and demand zone (pink horizontal line)
Price bounced back from this level while forming H&S
The breakout candle is supported by high volume
Sl and Tgt are marked on chart
Tgt can be increased further depending on candle and risk appetite
On higher time frame, the level of 577.6 is an important support level and demand zone (pink horizontal line)
Price bounced back from this level while forming H&S
The breakout candle is supported by high volume
Sl and Tgt are marked on chart
Tgt can be increased further depending on candle and risk appetite
Trade closed manually:
Price is entering below the neckline, can exit