Inverse Head & Shoulders Forming – Watch for Breakout Above 28UNITY indicates the formation of an inverse head and shoulders pattern, a bullish reversal setup. The neckline resistance is drawn around the PKR 27.5–28 level, which also aligns closely with the 200-day EMA at PKR 28.23, adding to its significance. Volume has notably increased during the formation of the right shoulder, suggesting growing bullish interest. A long position should only be considered after a decisive breakout above the neckline resistance , ideally on strong volume, confirming the pattern. If the breakout occurs, the projected upside target could extend toward the PKR 34–35 range, which is a previous major resistance zone. Until then, the setup remains neutral and unconfirmed.
