Context Overview:
Price is in a clear downtrend, making Lower Highs (LH) and Lower Lows (LL).
However, price action is approaching a Potential Reversal Zone (PRZ)
A textbook Bullish AB=CD harmonic pattern is completing
RSI is oversold (below 30) — signaling weakening bearish momentum
Technical Analysis
Bearish leg has extended into a 1.783 CD projection, matching the AB=CD symmetry.
The PRZ zone aligns with:
Previous support area
Completion of the harmonic leg
Extreme RSI conditions (possible bullish divergence brewing)
The price structure shows possible exhaustion at the lows
Bias: Bullish Reversal
Expecting a corrective rally or full reversal from the PRZ zone
Will reassess if price breaks and closes strongly below PRZ zone
Plan of Action:
Action Condition
Wait Price needs to move deeper into PRZ zone Watch
Entry Look for bullish engulfing, pin bar, or RSI divergence
Only enter long if a confirmed reversal signal appears inside PRZ
Stop Loss
Below the PRZ zone after confirmation
Target 1
3380 – higher resistance area
Price is in a clear downtrend, making Lower Highs (LH) and Lower Lows (LL).
However, price action is approaching a Potential Reversal Zone (PRZ)
A textbook Bullish AB=CD harmonic pattern is completing
RSI is oversold (below 30) — signaling weakening bearish momentum
Technical Analysis
Bearish leg has extended into a 1.783 CD projection, matching the AB=CD symmetry.
The PRZ zone aligns with:
Previous support area
Completion of the harmonic leg
Extreme RSI conditions (possible bullish divergence brewing)
The price structure shows possible exhaustion at the lows
Bias: Bullish Reversal
Expecting a corrective rally or full reversal from the PRZ zone
Will reassess if price breaks and closes strongly below PRZ zone
Plan of Action:
Action Condition
Wait Price needs to move deeper into PRZ zone Watch
Entry Look for bullish engulfing, pin bar, or RSI divergence
Only enter long if a confirmed reversal signal appears inside PRZ
Stop Loss
Below the PRZ zone after confirmation
Target 1
3380 – higher resistance area
Trade attivo
Trade chiuso: obiettivo raggiunto
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.