A bearish Harmonic chart presented for the study purpose.
The chart gives the retraced picture.
Reached very near to the Golden ratio.
To show the accuracy of the chart
Buy Entry 200 - 205
Stop loss 168
Minimum Price Target 248
Risk to Reward 1 : 1.50
24% Up Side potential.
The Recent move is supported by Higher Volumes. (Trading volume can help an investor identify momentum in a stock and confirm a trend. If trading volume increases, prices generally move in the same direction.)
