On the weekly timeframe, the price structure appears to be forming a potential bearish harmonic pattern near the PRZ. Based purely on the harmonic structure, my view is bearish and I am watching for a possible reversal from this zone.
This is only my technical/educational view based on harmonic pattern analysis and is not a recommendation to buy or sell.
Disclaimer: This post is for educational purposes only. I am not responsible for any profit or loss resulting from any trading or investment decision.
This is only my technical/educational view based on harmonic pattern analysis and is not a recommendation to buy or sell.
Disclaimer: This post is for educational purposes only. I am not responsible for any profit or loss resulting from any trading or investment decision.
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.
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.