Long oppourtinity in nifty.
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The AB = BC harmonic pattern is a technical analysis pattern used in financial markets, particularly in the field of harmonic trading. It is based on the Fibonacci ratio and seeks to identify potential reversal or continuation points in price movements.
In this pattern, the length of segment AB is considered equal to the length of segment BC. This equality suggests a potential symmetry in price action and implies that the market may exhibit a similar price movement from point B as it did from point A.
Traders who follow harmonic patterns use this information to anticipate future price behavior. They look for other technical indicators and confirmations to support their analysis and make trading decisions accordingly.
It's important to note that while harmonic patterns can be useful tools in technical analysis, they are not foolproof and should be used in conjunction with other forms of analysis and risk management strategies
In this pattern, the length of segment AB is considered equal to the length of segment BC. This equality suggests a potential symmetry in price action and implies that the market may exhibit a similar price movement from point B as it did from point A.
Traders who follow harmonic patterns use this information to anticipate future price behavior. They look for other technical indicators and confirmations to support their analysis and make trading decisions accordingly.
It's important to note that while harmonic patterns can be useful tools in technical analysis, they are not foolproof and should be used in conjunction with other forms of analysis and risk management strategies
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you can check the move in the niftyTrade closed: target reached
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