Hello Friends, Market after making series of HH and HLs, have finally made a fantastic Bearish Divergence on 1H time frame which is clear sign of correction.
Further market has almost completed AB=CD harmonic pattern, which is suggesting Potential Reversal Point as marked.
these confluences suggest a bearish trend to start
We are waiting for the neckline (HL) to break with a good candle and then we enter into the market with TP1 and TP2 with a R:R of 1:1 and 1:2 respectively. Further, place stoploss slightly above the HH.
Further market has almost completed AB=CD harmonic pattern, which is suggesting Potential Reversal Point as marked.
these confluences suggest a bearish trend to start
We are waiting for the neckline (HL) to break with a good candle and then we enter into the market with TP1 and TP2 with a R:R of 1:1 and 1:2 respectively. Further, place stoploss slightly above the HH.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.