ACC LTDUpdated ACC looks weak…
ACC looks weak…
Reasons/Traits :
• Bullish Cypher harmonic pattern is seen and will get activated below 2230 levels
• 13 EMA touched 50 EMA today
• Price bounced second time at 0.5 fib levels
• Constantly falling RSI
What can happen next :
Scenario 1 : Price sustaining above 2230 levels can take it to 2285/2360/2450/2500 levels
Scenario 2 : Price break down below 2230 can take it down to 2170/2100/2075/2000/1975 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Reasons/Traits :
• Bullish Cypher harmonic pattern is seen and will get activated below 2230 levels
• 13 EMA touched 50 EMA today
• Price bounced second time at 0.5 fib levels
• Constantly falling RSI
What can happen next :
Scenario 1 : Price sustaining above 2230 levels can take it to 2285/2360/2450/2500 levels
Scenario 2 : Price break down below 2230 can take it down to 2170/2100/2075/2000/1975 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Note
scenario 1 activated, first two targets achievedNote
uncertainty in trendNote
got support at 0.618 retracement levels now inching towards 2450Trade closed: target reached
Scenario 1 all targets hit, high today 2578
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.