Educational 14: Formation of Harmonic (Real Time)

It is been observed on the daily chart that the price action forms a two harmonic patterns .

1. Bearish Crab Pattern

2. Bullish Cypher Pattern

I have covered different harmonic patterns in the educational series which you may find in below attachments.

I shall be sharing an educational post on Crab and Cypher patterns by this weekend for better understanding.

ICICI Bank forming both the patterns on daily chart within an uptrend channel . A big move ahead.

Comment: It was mistaken marked "Hammer Candlestick" as "Doji"


wow! thanks for educational posts.
+1 Reply
NeeteshJain rajesh2467
@rajesh2467, Your welcome, let me know in case you need any pattern to be covered on my educational post. Regards
Excellent education series...could you please share the link for Educational 12 & 13....Thanks.
+1 Reply
i have one doubt ?

why those numbers are appearing like fib ? 1.38 / 1.417 ?
@raj3elite, It is formed on the basis on Fibs Numbers. Regards
raj3elite NeeteshJain
@NeeteshJain, sir is there any fixed points should make ? like fib points 38 / 60 / 50 / 70 ?
+1 Reply
@raj3elite, Yes, it is defined as per the patterns. Regards
raj3elite NeeteshJain
@NeeteshJain, Thanks sir....
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