First of all - this is my first published idea, so I don't want anyone to trade based of this idea blindly. Second - I know history does not always repeat itself.
Doing some early prep for next week I noticed these two harmonic patterns formed on the 4HR NQ chart. I normally do not trade based off of harmonic patterns, (don't know if these are gartley, butterfly, etc) but they looked so similar in time and precise formation that I had to post. Hoping someone with more experience - especially with harmonic patterns can comment and advise of their thoughts or ideas for confirmation.....thanks!
--IF the corrective wave plays out similar to first, this has potential for 800+ point drop--
Doing some early prep for next week I noticed these two harmonic patterns formed on the 4HR NQ chart. I normally do not trade based off of harmonic patterns, (don't know if these are gartley, butterfly, etc) but they looked so similar in time and precise formation that I had to post. Hoping someone with more experience - especially with harmonic patterns can comment and advise of their thoughts or ideas for confirmation.....thanks!
--IF the corrective wave plays out similar to first, this has potential for 800+ point drop--