Nenstar Pattern Rules & Validation
LegRatio ShownNenstar RequirementValid?AB0.6210.382 – 0.618 retracement of XA✅BC1.9141.618 – 2.000 extension of AB✅CD1.1911.272 – 1.414 extension of XA⚠️ Slightly underXD1.4810.707 – 0.786 retracement of XA⚠️ Extended
Most ratios align with Nenstar specs — the CD and XD deviations suggest a Nenstar variant, but the overall structure remains valid.
Key Observations
Point D (~$610) acted as the PRZ (Potential Reversal Zone) — price has already bounced from this level
Current price $618.30 confirms the reversal is underway
The projected bullish target arrow points toward the $648–$655 zone
Trade Bias
Direction: Bullish reversal from D
Target: $648–$655 area (as drawn on chart)
Invalidation: A close back below Point D (~$605.56) would invalidate the pattern
The bounce at D is clean and the pattern completion looks solid. The bullish move appears to be in early stages. 📈
