OGDC:PSX is making potential Bearish Harmonic Reversal pattern
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OGDC:PSX is in process of making potential Bearish Harmonic Reversal pattern. PRZ (Point D) has been initially foretasted at fib 0.886 but may extend further upto 1.618. A short entry is planned below point B through a sellstop order with SL above point C. At PRZ (point D), upon confirmation of bullish reversal through divergence on RSI, a long entry through buystop shall be initiated once HHs and HLs of the trend are confirmed.