Bank Nifty : Why did it fall 3% From Highs of 30008 (Harmonics)
Dear All At Tradingview ,
I hope you all are learning from my charts .
This time , I have mentioned the reason of fall in Bank Nifty & Why did it rise from Lows of 24240 formed in October .
Answer is ABCD Patterns . Ask any query on comment box or DM me .
Some Basics of ABCD Pattern :
The AB=CD pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback.
In the AB=CD, the C point will be a defining level for the completion of the pattern. Although the BC projection is critical in this structure, the most significant harmonic number is the exact completion point of the AB=CD.
Hope You will like My Idea ; Hit Like Button for Supporting & Comment your view in Comments Section .
Disclosure : I am not A SEBI Registered Technical Analyst !
Regards ,
Mohit Jangir (KBMJ)
Happy Trading !!!
I hope you all are learning from my charts .
This time , I have mentioned the reason of fall in Bank Nifty & Why did it rise from Lows of 24240 formed in October .
Answer is ABCD Patterns . Ask any query on comment box or DM me .
Some Basics of ABCD Pattern :
The AB=CD pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback.
In the AB=CD, the C point will be a defining level for the completion of the pattern. Although the BC projection is critical in this structure, the most significant harmonic number is the exact completion point of the AB=CD.
Hope You will like My Idea ; Hit Like Button for Supporting & Comment your view in Comments Section .
Disclosure : I am not A SEBI Registered Technical Analyst !
Regards ,
Mohit Jangir (KBMJ)
Happy Trading !!!
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