Hello & welcome to this analysis
LTTS from May 2021 lows formed a Bullish Harmonic Bat in July 2022. From there it has almost given a 62% retracement to now form a Bearish ABCD Pattern suggesting some consolidation to pullback till 3900 until it starts sustaining above 4400.
Not an area to go aggressive fresh long right now, more of a pullback for entry and then a likely rally for 5400 and more.
Hope this analysis is of help to both traders and investors
LTTS from May 2021 lows formed a Bullish Harmonic Bat in July 2022. From there it has almost given a 62% retracement to now form a Bearish ABCD Pattern suggesting some consolidation to pullback till 3900 until it starts sustaining above 4400.
Not an area to go aggressive fresh long right now, more of a pullback for entry and then a likely rally for 5400 and more.
Hope this analysis is of help to both traders and investors
Nota
book part here @ 4075 and trail rest @ 4200 for 3900Operación cerrada: objetivo alcanzado
Target done. closing this trade. Further weakness only if it fails to hold 3900-3925
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.