Accenture plc ACN Multi Timeframe Channel Analysis

Accenture 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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