$ABEV: Bullish Gartley Visible on Higher Timeframes

2023年3月8日

Ambev after bouncing from the PCZ of a Bullish Gartley has held and consolidated marginally above the PCZ and while doing so has shown signs that it could continue up higher from here without a secondary retest of the 0.786 as it has Recently Broken out of a Bullish Dragon and Bounced from a smaller Bullish Shark on the Daily as well as holding the POC of the overall Harmonic Range. It has also Bullishly Broken out of a Bull Flag pattern on its ARS pairing. It could always still come back for a secondary test of the 786 retrace anyway, but due to the reasons above; I think there is a high probability that ABEV will not be going any lower than it has over the last few months and that much higher prices are in play.