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!
Comment:
scenario 1 activated, first two targets achieved
Comment:
uncertainty in trend
Comment:
got support at 0.618 retracement levels now inching towards 2450
Trade closed: target reached:
Scenario 1 all targets hit, high today 2578