ALI is potentially forming a Bearish Gartley harmonic pattern with a PRZ (Potential Reversal Zone) around 39.56 (39.56~40.95 range). The recent breakout from its immediate resistance area around the B leg gives it a higher probability of completing the harmonic pattern.
Trading Plan
- Avoid for now if you are not it a trade yet.
- The PRZ area is a potential profit taking zone.
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