It is been observed on a daily chart that the price action forms a bearish harmonic pattern known as Bearish Garltey pattern where the D leg is near to 88.6 retracement levels of XA leg and also 1.618 Fibs extension of AB leg.
Now it shall retace back to 38.2% levels of AD leg at around 290 levels.
Target: 290
Stoploss: 305
Now it shall retace back to 38.2% levels of AD leg at around 290 levels.
Target: 290
Stoploss: 305
Trade closed: target reached:
Target reached successfully, Regards
