Nifty 50 Short term Harmonic Pattern -may be a Reversal

Nifty index has shown a short term harmonic reversal pattern- Butterfly Pattern.
The Price Reversal Zone supposed to be the extension of 1.27 Fibonacci level XA leg.

BC projection is at least 1.618 Fibonacci level.
This zone is giving us the most compact PRZ.

PRZ range: 14325 - 14308
After Reversal Minimum target 14667




ButterflyFibonaccinifty50pricePRZreversalpatternSupport and Resistance

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