Daily Chart
>Looks like TEL is forming a Potential Bearish Bat Harmonic Pattern with a Potential Reversal Zone (PRZ) at 2806.
>The 50% Fibonacci Retracement is acting as support and the 61.8% Fibonacci Retracement together with the Andrew's Pitchfork Lower Median Line is serving as resistance.
>There is a Median Line Trading Principle by Alan Andrew that if the price does not reach the Median Line, the price moves in the opposite direction more than the previous swing size.(Let's observe this principle)
>RSI is currently at 53.21 (Based on 30-Day Period). Resistance at 65 and Support at 50.
#Caveat
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