Accenture plc ACN Multi Timeframe Channel AnalysisAccenture plc (ACN) Multi Timeframe Channel Analysis
1. Long-Term Structure
This analysis is built on three major structural channels:
24-year channel
5-year channel
3-year extended channel
Price is currently positioned at a rare triple confluence zone, touching:
The bottom of the 24-year channel
The bottom of the 5-year channel
The extended lower boundary of the 3-year channel
This alignment significantly strengthens the probability of a medium-term bullish reversal.
2. Reversal Signals
At the channel confluence, price completed a clean Ending Diagonal pattern and reacted strongly, showing:
Powerful bullish divergences on momentum indicators
A decisive breakout from the diagonal structure
These signals collectively confirm a strong demand zone and a potential macro reversal.
3. Wave Count and Bullish Scenario
Following the breakout, price has started to build a five-wave impulsive structure.
After breaking its key level, ACN is now positioned in wave 3 of 3, which is typically the strongest part of the move.
Minimum upside target:
310
This level aligns with structural resistance and wave projections.
4. Final Notes
This is my personal analysis I’d be glad to hear your views.
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