POWER on Monthly Time Frame, has completed the SHARK Harmonic Pattern Zone-1 and has tested it twice and then price came down. It may even try to test Zone 2 or Zone 3 by taking support from Weekly Trend Line (Blue). Even presently price is in support zone (green) and may go up again from this zone.
A regression channel has also been drawn which price is following.
In my personal opinion, price will try to test SHARK Potential Reversal zone 3 before eventually coming down.
I recommend entering the trade as marked on the chart. From 17 to 23 in next 2 to 3 months is quite possible.
A regression channel has also been drawn which price is following.
In my personal opinion, price will try to test SHARK Potential Reversal zone 3 before eventually coming down.
I recommend entering the trade as marked on the chart. From 17 to 23 in next 2 to 3 months is quite possible.
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