GOLD / SILVER SPREADSHello & welcome to this analysis
GOLD/SILVER (COMEX) ratio charts has done 1.62 Fibonacci of its Inverse Head & Shoulder breakout.
It has immediate parallel channel resistance near 109, if it breaks above it then next resistance is at 118 where it has a Bearish Harmonic Bat.
Current support is at 102, below that it could test the breakout level at 92
Batppattern
Icici Bank chart studyIcici bank spot cmp :- 927
Study :- Harmonic Patterns
Time frame :- Daily
Pattern Type :- Bearish Bat pattern.
Details :- AB leg can retrace between 38.2% – 50% of XA leg.
BC leg can retrace between 38.2% – 88.6% of AB leg.
CD leg can retrace up to 88.6% of XA leg.
PRZ :- 940-950
Pattern violation :- 958 (closing basis)
Reversal confirmation :- Bearish pin bar candle formation.
Keep watch.