Hello & welcome to this analysis
From a bullish Harmonic Bat pattern to a bearish Harmonic Alt Bat & bearish Harmonic ABCD in the weekly time frame.
Stock has entered in to potential reversal zone (PRZ) 1010-1050 of a bearish reversal probability.
Also note the 52w high and recent surge in price has come with low volumes.
A daily close below 940 could further pull it down towards 850-775.
Pattern negates if price moves above 1075
All the best
From a bullish Harmonic Bat pattern to a bearish Harmonic Alt Bat & bearish Harmonic ABCD in the weekly time frame.
Stock has entered in to potential reversal zone (PRZ) 1010-1050 of a bearish reversal probability.
Also note the 52w high and recent surge in price has come with low volumes.
A daily close below 940 could further pull it down towards 850-775.
Pattern negates if price moves above 1075
All the best
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Related publications
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.