INVERTED HEAD AND SHOULDER BREAKOUT

29. Sept. 2021

• BREAKOUT of Inverted Head & Shoulder pattern.
  
• Breaking the RESISTANCE LEVEL OF 288 - 290, which has been formed since APRIL, 2018 and acted as Resistance level for Four times in Monthly Timeframe.
  
• HUGE VOLUME supporting the breakout candle in Daily timeframe.
  
• These above points confirms it as a STRONG BREAKOUT.
  
• SUPPLY ZONE is at 315 - 320 levels, which is created during FEBRUARY, 2018 in Monthly Timeframe and it has not been tested again.
  
• Go for LONG, from 293 to 295, after the retest or pullback comes and pullback can happen for the price to catch up with EMA 20
• Target 315 - 320, because of Supply Zone.
  
• Stoploss at 283 - 285, just below the resistance level.