Hello & welcome to this analysis
Nifty in the hourly time frame has activated a Bearish Harmonic Alt Shark with the sharp drop since opening bell today.
Now its gone onto make a Bullish Harmonic Reciprocal ABCD, however, since the drop was very sharp and its yet to do 38% of its minimum expected retracement, a confirmation for this bullish reversal will be once it starts sustaining above 22475.
Failure to hold today's low so far opens for the 38-50-62% retracement levels
Nifty in the hourly time frame has activated a Bearish Harmonic Alt Shark with the sharp drop since opening bell today.
Now its gone onto make a Bullish Harmonic Reciprocal ABCD, however, since the drop was very sharp and its yet to do 38% of its minimum expected retracement, a confirmation for this bullish reversal will be once it starts sustaining above 22475.
Failure to hold today's low so far opens for the 38-50-62% retracement levels
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