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H.I.T - Harmonic Patterns & Ichimoku Multi Time Frame Analysis
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Indusind Bank a monthly close below 740 activates a Bearish Seahorse Harmonic Pattern
https://www.instagram.com/reel/DGrRMedxdkS/?igsh=cjJ0Y3hqbzRoZHdk
The more S&P spends below 5700 the more likely it will test 5400
Nifty took 5 months to get oversold in daily time frame and in the case of many stocks even weekly time frame. The correction was approx 15%
S&P has only done 15 days so far and in that time it's done approx 6% correction from top. It's approaching a weekly ichimoku support of 5700 and its not oversold even in the 60m time frame.
Failure to hold 5700 opens for 5400. Resistance now at 5900-5950
S&P has only done 15 days so far and in that time it's done approx 6% correction from top. It's approaching a weekly ichimoku support of 5700 and its not oversold even in the 60m time frame.
Failure to hold 5700 opens for 5400. Resistance now at 5900-5950