NeeteshJain

Educational 14: Formation of Harmonic (Real Time)

BSE:ICICIBANK   ICICI BANK LTD
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.


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

Comments

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
Reply
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 ?
Reply
@raj3elite, It is formed on the basis on Fibs Numbers. Regards
Reply
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
Reply
raj3elite NeeteshJain
@NeeteshJain, Thanks sir....
Reply
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