PETRONET LNG
A Bullish Harmonic AB=CD reversal was met by a slanting trend-line resistance which lead to a dip towards 88% retracement with the likelihood of a double bottom activating a Bullish Harmonic Shark.
This up move can go till 225/235/255 as long as it does not break the lower base formed when the AB=CD was made.
Harmonic Patterns are based on Fibonacci ratios which conform to specific alignments. They are among the fastest to give reversal signals unlike oscillator based systems.
This up move can go till 225/235/255 as long as it does not break the lower base formed when the AB=CD was made.
Harmonic Patterns are based on Fibonacci ratios which conform to specific alignments. They are among the fastest to give reversal signals unlike oscillator based systems.
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