Juniper Networks, Inc.
Panjang

Short term bullish reversal - JNPR

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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.
syot kilat

Daily TF -
Price re-tested a strong demand zone in Daily timeframe as well. RSI is showing bullish divergence.
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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.
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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.

Penafian

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