BANKNIFTY, Harmonic Pattern (2nd March 2022)
How to Trade Simple Harmonic Pattern (Bullish) ?
After a Bullish Impulsive move, first the price will retrace to 61% Fibonacci levels.
Then it'll be rejected from 23% FIB levels to take support on 78% FIB levels.
Then there'll be a small bullish impulse.
Here, we can take entry after retest.
For Better Understanding, Please do check on smaller TimeFrames (1Min/3Min)
After a Bullish Impulsive move, first the price will retrace to 61% Fibonacci levels.
Then it'll be rejected from 23% FIB levels to take support on 78% FIB levels.
Then there'll be a small bullish impulse.
Here, we can take entry after retest.
For Better Understanding, Please do check on smaller TimeFrames (1Min/3Min)