JFTECH IN BULLISH ABCD HARMONIC PATTERN
Relevant fibo levels in the pattern are as per chart.
This pattern is identical to Gartley Bullish Harmonic Pattern. The price has demonstrated a rebound at EMA200 and around fibo786 level.
Probable EP would be 1.405 to retest the 4h pivot point and fibo786.
Probable TPs would be 1.490 (ie daily pivot point), 1.550 (that is fibo236 and slightly lower than point C) and 1.670 (ie yearly resistance).
The probable CL would be 1.320 (ie below monthly support 1.325)
This pattern is identical to Gartley Bullish Harmonic Pattern. The price has demonstrated a rebound at EMA200 and around fibo786 level.
Probable EP would be 1.405 to retest the 4h pivot point and fibo786.
Probable TPs would be 1.490 (ie daily pivot point), 1.550 (that is fibo236 and slightly lower than point C) and 1.670 (ie yearly resistance).
The probable CL would be 1.320 (ie below monthly support 1.325)
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