Accenture (ACN): Falling-Angel in the selloff ...Accenture Plc Class ANYSE:ACNM_a_d_d_e_n[Accenture (ACN): Falling-Angel in the selloff — Navarro200 signals a bottom formation ... ACN www.tradingview.com/symbols/NYSE-ACN/ Hello ❤TradingView Community😍 Accenture plc (NYSE: ACN) - On the weekly-chart. This idea highlights the major, multi-year correction following the all-time high of $417.37 (Dec 2021) and focuses on the resulting Navarro200 harmonic pattern. The chart shows a clean, symmetrical M-pattern (X-A-B-C-D) with a distinct potential reversal zone near the current low. A further price decline toward the key psychological level of $100 or a dip just below it must be factored in. Potential PRZ/bottom range: $118–$135 (D-zone; marked on the chart as $118.15, current price range around $135) Interpretation of the Navarro200 Pattern concept: Following a strong rally (X→A), a three-phase correction complex is being completed (A→B→C→D). The completion at D often results from the convergence of multiple Fibonacci projections/retracements. This exact overlap is present here—a classic sign of a potential trend reversal or, at the very least, an extended rebound phase. Significance of 242.80 USD: This level acts as the pattern’s “central axis/neckline” and as a prominent retracement pivot. A sustained rise above this level would significantly strengthen the bullish scenario and open up room toward the higher retracement targets. Possible bottom-forming-phase + key volume-levels (volume-profile) - monthly-chart Following a correction of approximately 72%, the price has fallen into the PRZ and is showing initial signs of stabilization. For a valid bottom to form, I expect: A sideways/accumulation phase spanning several monthly candles between approximately 118 and 155 USD. A higher low above the D-zone (ideally >$125–130) as confirmation that sellers are running out of steam. A monthly close above a nearby trigger zone—typically $155/$165—as the first structural signal. A breakout above 242.80 USD would be the second, stronger confirmation that the market is shifting from “bottom” to “trend reversal” mode. Potential Wolfe-Wave From Elliott Wave's perspective Scenarios Bullish: Stabilization above 125–130 USD, breakout >155/165 USD, followed by a rally toward 200 and 232–243 USD. A breakout and hold above 242.80 USD opens the path to 268/302 USD. Bearish/Invalidation: A monthly close below 118 USD negates the bottom hypothesis. In this case, psychological round numbers (100 USD) and lower historical zones come into focus. Risk Management (for Swing/Position Traders) Aggressive: Open a partial position in the D-zone (125–140 USD) with a tight stop-loss below 118 USD; add to the position upon confirmation (monthly close >155/165 USD). Conservative: Wait to trade until the monthly close is above 165 USD or until 200 USD is regained; a second surge above 242.80 USD would confirm the trend. Adjust position size to the monthly time frame; be mindful of event risks (earnings, macro, USD strength). Conclusion Accenture is showing a large Navarro200 pattern with clean convergence at the D-Zone around 118–135 USD. Such setups often mark the end of cyclical corrections. An extended bottoming phase is likely; clear bullish signals will only emerge with successive higher lows and monthly closes above 155/165 USD—and will be structurally confirmed above 242.80 USD. Until then, patience and disciplined risk management remain key. As always, this is not investment advice. I am not personally invested. I look forward to hearing your opinions and seeing your charts😍 — how are you trading this potential bottoming pattern in ACN ? Have a good start to the week & successful trading decisions 💪 M_a_d_d_e_n ✌ NOTE: The above information represents my idea and is not an investment/trading recommendation! Without any guarantee & exclusion of liability!