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JP-PROHARMONICS

Nifty eyeing for AB=CD on daily time frame

Short
Nifty 50 Index (NSE:NIFTY)  
JP-PROHARMONICS Updated   
NSE:NIFTY   Nifty 50 Index
AB=CD Oscillators
11
9
abcdpattern oscillator

Currently nifty has made bearish engulfing pattern on daily frame exactly at 0.618 retracement from its high of 12430 approx on 20th jan2020.

Also RSI is poping up hidden divergence at 0.618 retracement...

When we apply Harmonic pattern AB = CD we get D point at 5680 approx...as reversal zone.

So traders be careful... choose to sell on rise only
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