The price index after completion of
Harmonic Chart Pattern AB=CD is going
to retrace for correction and cooling
down to nearest support level
highlighted.
The ascending support trend line
complements the highlighted support
zone. Therefore, price is expected to hold
for brief interval and enter into sideways
movement before preparing itself for another
upward break-out.
The VSA indicator also support retracement.
In case of bearish break-out
Long trade is suggested
after breach of resistance zone
with SL and TP @ of RRR 2:1%.
P.S. Chart Assessment is entirely based of proposed probabilities and only for academic purposes.
It is not a trade recommendation of any kind. Please do your own assessment & research before
taking decision to execute any trade transaction.
Please Subscribe, Like and share for more Trend Analysis and Chart Assessments.
Harmonic Chart Pattern AB=CD is going
to retrace for correction and cooling
down to nearest support level
highlighted.
The ascending support trend line
complements the highlighted support
zone. Therefore, price is expected to hold
for brief interval and enter into sideways
movement before preparing itself for another
upward break-out.
The VSA indicator also support retracement.
In case of bearish break-out
Long trade is suggested
after breach of resistance zone
with SL and TP @ of RRR 2:1%.
P.S. Chart Assessment is entirely based of proposed probabilities and only for academic purposes.
It is not a trade recommendation of any kind. Please do your own assessment & research before
taking decision to execute any trade transaction.
Please Subscribe, Like and share for more Trend Analysis and Chart Assessments.