The Harmonic Pattern AB=CD is
completed, therefore, the price
action has gone bearish to cool
down towards the drawn ascending
support trend line.
The price action faced rejection
from resistance and repelled. The
price index is expected to come in
the expected fashion towards
ascending support line.
Chart assessment suggests
trade opportunity short at
current market level with
SL price rejection level
from resistance level at
82.40 and TP at 76.50.
P.S.This is an educational assessment and guess work and not trade recommendation.
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completed, therefore, the price
action has gone bearish to cool
down towards the drawn ascending
support trend line.
The price action faced rejection
from resistance and repelled. The
price index is expected to come in
the expected fashion towards
ascending support line.
Chart assessment suggests
trade opportunity short at
current market level with
SL price rejection level
from resistance level at
82.40 and TP at 76.50.
P.S.This is an educational assessment and guess work and not trade recommendation.
Please Like, Subscribe and share for more Trend Analysis and Chart Assessments.