📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ,...
As I always say that Harmonic Trading strategy is all about reversal trading. if you know how to trade on reversal then only you can and you should trade on Harmonic patterns.
as one can see that there are two Harmonic patterns on this MFSL chart it shows that This reversal zone might be more strong then usual one.
As per this harmonic pattern chart...
THIS IS NOT A TIME DEPENDANT ANALYSIS..
1.Forming bullish Cypher
2.Present support at weeklyS2
3.MA cross 50/200 olhc4 bearish
4. 4year yellow trendline broken
5.Reversal is expected to occur at the PRZ of the bullish cypher as marked
6. the reversal tragets are 0.382DC an 0.618DC of the bullish cypher
Disclaimer... this is not an investing/trading advice, do...