TradingView
PriceActionTrader1
Aug 8, 2022 3:56 AM

Short term bullish reversal - JNPR Long

Juniper Networks, Inc.NYSE

Description

Let's understand multi timeframe analysis for NYSE:JNPR.

Price has forming bullish harmonic shark pattern and has shown strong reversal with very high volume from PRZ(Price Reversal Zone).

Weekly TF -
Price re-tested a strong demand zone in Weekly timeframe. RSI is forming bullish divergence.


Daily TF -
Price re-tested a strong demand zone in Daily timeframe as well. RSI is showing bullish divergence.


45 minutes TF -
Price re-tested a strong demand zone in 45 minutes timeframe as well. RSI is showing bullish divergence. Price is making ascending triangle structure.


Above confluences suggest that price is due for a short term reversal. Long position can be taken upon breakout above triangle resistance or upon re-test after breakout.

More