Markets always has tendency to fill gap zones.
If you draw fib extensions / retracements on previous few swings , every 1.618 extension ends up in our marked zone
1618 is more valid ratio & we can expect market to move up after reaching the zone.
ABCD pattern completion also in same zone.
This is 4h chart of SBIN so will take time to complete, just keep it...
Lets keep patterns, triangles and Wave theory aside for sometime.
Lets keep it simple for State Bank of India , as you can clearly see simple trend continuation and we are planning to buy on the pull back completion.
Some may feel that how can we be so sure ? Well, as per my rule book trend continuations with good risk :reward are valid enough.
Please check...