Let's understand multi timeframe analysis for
JNPR
.
Price has forming bullish harmonic shark pattern and has shown strong reversal with very high volume from PRZ(Price Reversal Zone).
Weekly TF -
Price re-tested a strong demand zone in Weekly timeframe. RSI is forming bullish divergence.
Daily TF -
Price re-tested a strong demand zone in Daily timeframe as well. RSI is showing bullish divergence.
45 minutes TF -
Price re-tested a strong demand zone in 45 minutes timeframe as well. RSI is showing bullish divergence. Price is making ascending triangle structure.
Above confluences suggest that price is due for a short term reversal. Long position can be taken upon breakout above triangle resistance or upon re-test after breakout.
JNPR
. Price has forming bullish harmonic shark pattern and has shown strong reversal with very high volume from PRZ(Price Reversal Zone).
Weekly TF -
Price re-tested a strong demand zone in Weekly timeframe. RSI is forming bullish divergence.
Daily TF -
Price re-tested a strong demand zone in Daily timeframe as well. RSI is showing bullish divergence.
45 minutes TF -
Price re-tested a strong demand zone in 45 minutes timeframe as well. RSI is showing bullish divergence. Price is making ascending triangle structure.
Above confluences suggest that price is due for a short term reversal. Long position can be taken upon breakout above triangle resistance or upon re-test after breakout.
