AB=CD completion at .786 fib level + trend channel. Should be good enough for a bounce although the AB=CD is not very clean.
Comments
imaxcare
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i think 9233 will be good support 200 MA and your 0.886 fib
Sandeep_Gupta
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Correct me, I think the pattern formed is Bat, so it should end on 0.886 retracement of XA.
Night_Trader
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Yes and no ! For a nice bat pattern point C has not retraced high enough for my taste and the way from C to D is not steep enough. Because of that stepping down movement I prefer the AB=CD completion, which fits exactly to the .786 retracement level.
But that is just me. ;-)