Harmonics Pattern Complete Bounce on Support

We see that the 69.96 level of resistance is being treated as support on both a daily and weekly timeframe. The completion of a harmonics pattern was confirmed with a bounce to the neckline. Now we are looking to enter again but hit the body of the neckline this time. However, because the 71.21 level was respected as resistance once we will monitor that area for potential signs of retracing before continuing to our TP.

Waiting for our entry conditions to be met before entering.

The risk to reward is 1:3:02

Good luck traders, be sure to like this post and comment your ideas below for more free multi-time frame analysis.