it has completed bullish BAT harmonic pattern and fell exactly from potential reversal zone. Now we can eye on 50% retracement with the help of fibonacci graph and we can expect the stock to bounce off 3834 levels approx.
On the other hand at reversal zone stock may continue consolidation, so it may be in range 4283-4100 it will fall only when consolidation is broken and also while in consolidation it may make new highs without falling till 50% fibonacci levels so just wait and watch price action.
On the other hand at reversal zone stock may continue consolidation, so it may be in range 4283-4100 it will fall only when consolidation is broken and also while in consolidation it may make new highs without falling till 50% fibonacci levels so just wait and watch price action.
Comment:
stock hit 50%
Comment:
as expected bounced from 50%
