After a long downtrend, which began in 2021, the script is trying to get some foothold from the June of this yeare. These effors seems to be taking some ground.
In this process the script has completed the Harmonic pattern and (PRZ ) potential reversal zone has been established and it is suggested to place the stop loss below this point.
We can use the R-1 and R-2 as our Target Prices.
Another hidden factor, which is not visible on the chart is the two bottoms of harmonic pattern forms "bullish divergence" on weekly chart.
In this process the script has completed the Harmonic pattern and (PRZ ) potential reversal zone has been established and it is suggested to place the stop loss below this point.
We can use the R-1 and R-2 as our Target Prices.
Another hidden factor, which is not visible on the chart is the two bottoms of harmonic pattern forms "bullish divergence" on weekly chart.
Trade closed: target reached
target achieved
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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.
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.