Reliance, Bearish trend
Three different charts shows multiple confirmations of the bearish trend
The D point of the previous Harmonic chart at the top side of the chart shows the reversal area and it respects.
A new Harmonic chart is generated and the price moving towards another D point, lower side of the chart
And finally a Bearish Head and Shoulder pattern formed.
In addition to the above observations, RSI bearish divergence respects.
The given information is for STUDY purpose.
The D point of the previous Harmonic chart at the top side of the chart shows the reversal area and it respects.
A new Harmonic chart is generated and the price moving towards another D point, lower side of the chart
And finally a Bearish Head and Shoulder pattern formed.
In addition to the above observations, RSI bearish divergence respects.
The given information is for STUDY purpose.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.