Here we can see the cup and handle pattern.
A cup and handle is considered a bullish signal extending an uptrend, and is used to spot opportunities to go long.
A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities.
The price is trading in the crucial level of the resistance.
The price here can take resistance and move down, "below 1581 price will slop down towards 1549".
Stop-loss can be consider nearly 10 point from the trade.