ITC
CHART BY HarmonicTrading™
#ITC CMP 207.55 DT 04/7/20
THE MAJOR PATTERN COULD BE SEE AS AN ASCENDING WEDGE FORMATION.
FRESH LONGS SHOULD BE TAKEN ABOVE 210 FOR 215.
THE 215 WILL BE VERY IMPORTANT POINT AS IT COULD ACT AS A RESISTANCE OR A BREAKOUT POINT OF THE WEDGE. SO NEED TO LOOK AT THE PRICE ACTION OVER HEAR. BUT AS OF NOW ABOVE 216 WE CAN SEE 222 / 228.
ANOTHER IMPORTANT POC IS 250 WHERE A DAILY TIME FRAME HARMONIC PATTERN CO-EXIST WITH THE PREVIOUS SUPPLY ZONE. SO IT WOULD BE TIME TO BOOK PROFITS THERE AND FRESH SHORTS CAN ALSO BE INITIATED.