If we think that there will be a harmonic pattern, the resistance and support points should coincide with the specified areas on the chart.
When we examine the price levels and the resulting pattern, it is clear that a harmonic pattern is about to form.
Assuming that the XAB legs are formed, we can predict exactly where the C and D legs will extend.
I see that the indicator data supports this idea. From the EMA data, we can think that this movement will not end the uptrend, on the contrary, it will continue.
Note: This is not investment advice.
When we examine the price levels and the resulting pattern, it is clear that a harmonic pattern is about to form.
Assuming that the XAB legs are formed, we can predict exactly where the C and D legs will extend.
I see that the indicator data supports this idea. From the EMA data, we can think that this movement will not end the uptrend, on the contrary, it will continue.
Note: This is not investment advice.
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Publicações relacionadas
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.