Hello and welcome to this strategy in ACC a large cap Cement sector stock.
It has made a Bearish Harmonic Alt Shark in hourly time frame suggesting downside levels of 2375/2300 as long as it stays below 2495.
Harmonic patterns are based on Fibonacci ratios coming into alignment. They indicate reversal of trend for retracements of 38-50-62% and more depending on the strength of reversal and overall trend.
Risk Reward : 50 : 70 & 140
Suggested Time frame: 2-3 weeks
It has made a Bearish Harmonic Alt Shark in hourly time frame suggesting downside levels of 2375/2300 as long as it stays below 2495.
Harmonic patterns are based on Fibonacci ratios coming into alignment. They indicate reversal of trend for retracements of 38-50-62% and more depending on the strength of reversal and overall trend.
Risk Reward : 50 : 70 & 140
Suggested Time frame: 2-3 weeks
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
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.
Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
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.