icicibank channel and harmonic pattern
Updated
as we can see it was moving well in rising channel and finally broke out upside but hey wait ! you could have waited to retest this channel line to enter for long and if go by the books if you miss the long journey it is high time you entered it when channel line or trendline is retested. Now i have combined this upper channel line with bullish ab=cd pattern and long target according to it being 957
Possibility 2: what if it does not stop on channel line upper one? then it will come to down to lower channel line and we can long / average here at 706
i have shown both moves with two different colors
good luck
Our most harmonic pattern hit the target, it takes efforts to study technical analysis so if you like the idea, please share & like the idea thanks
Possibility 2: what if it does not stop on channel line upper one? then it will come to down to lower channel line and we can long / average here at 706
i have shown both moves with two different colors
good luck
Our most harmonic pattern hit the target, it takes efforts to study technical analysis so if you like the idea, please share & like the idea thanks
Note
exact bounce from 707
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