The shaded blue structure with points X – A – B – C – D is a harmonic pattern (looks like a bullish Gartley / Bat-type pattern):
X → A → B → C → D marks swings in price.
The little numbers like 0.803, 0.533, 0.911 are Fibonacci ratios used to validate the harmonic pattern.
Point D is at the bottom right – that’s usually the potential reversal zone (PRZ) where price is expected to stop falling and start moving up.
So:
👉 The pattern is suggesting bullish reversal from D (buyers stepping in around the lows near ₹990–1,000 area).
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Current price action
After hitting D, price has bounced up and is now near ₹1,040+.
The candles from D to current level show recovery, confirming that the pattern’s reversal is (so far) working.
X → A → B → C → D marks swings in price.
The little numbers like 0.803, 0.533, 0.911 are Fibonacci ratios used to validate the harmonic pattern.
Point D is at the bottom right – that’s usually the potential reversal zone (PRZ) where price is expected to stop falling and start moving up.
So:
👉 The pattern is suggesting bullish reversal from D (buyers stepping in around the lows near ₹990–1,000 area).
---
Current price action
After hitting D, price has bounced up and is now near ₹1,040+.
The candles from D to current level show recovery, confirming that the pattern’s reversal is (so far) working.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.