Exide Industries - Bullish Harmonic
Updated
Explanation
A - 211.5
B - 170.55
C - 199
D - ???
AB = CD
211.5-170.55 = 40.95
199-40.95 = 158.05 Our 1st Price Reversal Zone (PRZ)
158.75 which is our 2nd Price Reversal Zone is 1.41 fibo level of B To C.
SL is below 1.618 fibo level of B To C.
Target calculated by C To D fibo levels.
A - 211.5
B - 170.55
C - 199
D - ???
AB = CD
211.5-170.55 = 40.95
199-40.95 = 158.05 Our 1st Price Reversal Zone (PRZ)
158.75 which is our 2nd Price Reversal Zone is 1.41 fibo level of B To C.
SL is below 1.618 fibo level of B To C.
Target calculated by C To D fibo levels.
Trade closed: target reached
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