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VisibleBeer7
Jun 8, 2023 5:53 AM

Bearish ABCD In Jswsteel Short

JSW STEEL LTDNSE

Description

Bearish ABCD In Jswsteel
Sell PRZ - 773/779
SL - 790
Target - 741/725

Trade closed: target reached

Low 738.35
Comments
Krish_Kohal
ahh okay makes sense, I thought u were saying buy at C and sell at D, I didn't read ur target and SL , good analysis
VisibleBeer7
@Krish_Kohal, 👍🏼 😊
Krish_Kohal
how is this bearish bro?
VisibleBeer7
@Krish_Kohal, in this pattern we try to find out potential reversal zone, we are presuming a point from price may reverse. Thats why this pattern called Bearish ABCD, when the D ( PRZ ) is at the top it will be called Bearish, When the D ( PRZ ) will be at bottom it will be called Bullish. This is harmonic pattern.
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