It has entered into two bearish harmonic patterns >> PRZ - Bat and AB=CD. A retracement till 130-125 is probable. View negates above 145
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Even though it did not negate the view. It has managed to sustain around PRZ. Further weakness can be expected if it it sustains below 139 (for an hour at least)
Great analysis. Beautiful reversal from dot 145. What I have noticed is that if 2 or more patterns converge on higher time frames then accuracy increases multifold.
Dinesh_C_Nagpal
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@kirtigupta, Thank You, yes more confirmation mean stronger reversal
wilsonkm1402
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Nice analysis sir,
making all time high, wud it sustain there?
Pl give ur insights.