HARMONIC AB=CD PATTERN IN TRENT

The chart shows a significant downtrend from point A to B, followed by a corrective rally to C, and then a sharp decline to D.
The market appears to be completing its harmonic pattern at point D, suggesting potential for a reversal.

Fibonacci Levels:
AB retracement: The rally from point B to C aligns with the 0.601 Fibonacci retracement, which is consistent with harmonic setups.
BC projection: The movement from C to D aligns closely with a 1.618 Fibonacci extension of the BC leg, which often signifies a pattern's completion.

Reversal Zone at Point D:
Point D marks the potential PRZ (Potential Reversal Zone), where buying interest might emerge.
The price at D (₹5,490.45) aligns with key confluence levels of Fibonacci projections and prior supports.

Expected Price Movement:
Post pattern completion at point D, the price is expected to reverse upward, as indicated by the black arrow.
The initial target might be the 0.382 to 0.618 retracement of the CD leg, typically aligning with harmonic trading strategies.

Trading Implications:
Bullish Reversal: Point D suggests a high-probability bullish reversal zone.
Stop Loss: A stop loss could be placed slightly below the D point to manage risk.
Profit Target: Potential targets could include:
₹6,000 - ₹6,250 (near the first Fibonacci retracement levels).
Higher levels depending on market strength.

Conclusion:
This harmonic pattern likely signals a buying opportunity at the current level (₹5,490). Traders should monitor price action near point D for confirmation, such as bullish candlestick patterns, before entering a position.

THIS IS EDUCATIONAL PURPOSES ONLY.