Harmonicsignals
Why stocks will fall tonight (AUDUSD Trade Analysis)The markets have been taking a hammering but there has been some recovery today. Based on technical analysis, this will not last and it will fall tonight.
We are seeing a sell pattern in AUDUSD. This pair is correlating to the stock market and when it falls so does stocks. The last time we sold this resulted in a 300 pips run!
The same pattern is appearing on major stock indexes, so I am expecting a further drop based on my 2 analysis done on DJIA and S&P.
RelianceHello and welcome to this analysis on RELIANCE INDUSTRIES
On April 29, 2022 it completed the formation of a Bearish Harmonic Alt Shark Pattern indicating a reversal in the daily time frame.
Currently it has completed 50% of that retracement and formed a Bullish Harmonic Alt Shark in the Hourly time frame suggesting a probable bounce from here.
A pullback of this Bullish Harmonic Pattern could probably take it to 2600-2650. Pattern will remain valid till price is above 2435.
Harmonic Patterns are based on Patterns which come inline with specific ratios for reversal trade set ups.






















