Hello & welcome to this analysis
Nifty in the hourly time frame has activated a Bearish Harmonic Alt Shark with the sharp drop since opening bell today.
Now its gone onto make a Bullish Harmonic Reciprocal ABCD, however, since the drop was very sharp and its yet to do 38% of its minimum expected retracement, a confirmation for this bullish reversal will be once...
Hello & welcome to this analysis
Index has made a bullish Harmonic Reciprocal ABCD today in daily time frame.
As long as it does not break below 20350 it could retest the upper trendlines at 21100 - 21400
Regards
Hello & welcome to this analysis
Stock has seen a correction after being an outperformer over the last few years.
Currently at two bullish harmonic patterns - Reciprocal ABCD and Gartley.
As long as it sustains above 2000 it retrace back to 2200 - 2350 and more.
Happy Investing
The Reciprocal ABCD pattern formed demand zone has been respected by the market until now. See until the day's end, if this zone is broken, then you can expect a major fall.
I will attach a similar idea on the DJI futures chart here. Please look at both of them to make a decision. Don't just carry a short position beyond today's trading session.
Wait for...
1.Reciprocal Bullish ABCD formation almost complete near the weekly support S1
2.Reversal to be impulsed back to the Median line of the pitchfork according to Price Magnet Theory
3.Several levels including weekly resistances and Fibonacci levels of BCD 0.73% , taking D point in the weekly support S1 , has been taken in correspondence to the pitchfork
4. Bullish...
