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gregferns
Aug 15, 2019 5:29 PM

MARICO Short

MARICO LTDNSE

Description

Harmonic Pattern ABCD with Fibo levels and SR levels plotted.

Already has reacted at the PRZ.

If possible more short coming

Comment

Good reaction at PRZ.. Couldnt sustain upwards movement.. And finally came down.. Closed below 1st Fibo level with body of candle,...
Expecting more downward movement next week.
Comments
anbulina
Hello Greg, any target for short side ...
gregferns
@anbulina,

I've made another chart for you... Added SR levels...
See the band i've marked in Yellow... Thats a resistance turned support zone.... If it manages to break this zone downwards, then there is a small support at the blue line... Otherwise next Fibo level is the support....

Best of luck...

gregferns
@gregferns,

If you are thinking of shorting on monday please watch before you trade as Monday market will mostly be volatile and upside...
anbulina
@gregferns, Its really fantastic.. will wait for monday movement and then go with short sell :) , Thanks a lot and have a great weekend ...
gregferns
@anbulina,

Have a gr8 weekend,,, .... Cheers
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