NDX Dip and Rip AB=CD @ Gap Fill - Harmonic Trading Strategy
NDX Dip and Rip AB=CD @ Gap Fill
Towards the back of my book "The Harmonic Trader" (Harmonic Trader Press 1998) on page 254, I outline situations when pattern completions coincide with price action that fills a prior open gap.
FREE ACCESS to "The Harmonic Trader" pdf:
harmonictrader.com/harmonic-trader-pdf/
This chart in NDX 15min is a situation day traders need to look for as a clear harmonic pattern continuation opportunity. The 50% retest (yes a 5-0) and the RSI impulse on the 5-minute were PERFECT confirmation as well! Simple AB=CD patterns are excellent harmonic continuation situations when multiple technical factors identify the same levels of support and resistance.
Check out how I identify, execute and manage trades like these in live sessions each week.
See you Monday! LIVE Harmonic Trading Access 8a EST: global.gotomeeting.com/join/405741581
Towards the back of my book "The Harmonic Trader" (Harmonic Trader Press 1998) on page 254, I outline situations when pattern completions coincide with price action that fills a prior open gap.
FREE ACCESS to "The Harmonic Trader" pdf:
harmonictrader.com/harmonic-trader-pdf/
This chart in NDX 15min is a situation day traders need to look for as a clear harmonic pattern continuation opportunity. The 50% retest (yes a 5-0) and the RSI impulse on the 5-minute were PERFECT confirmation as well! Simple AB=CD patterns are excellent harmonic continuation situations when multiple technical factors identify the same levels of support and resistance.
Check out how I identify, execute and manage trades like these in live sessions each week.
See you Monday! LIVE Harmonic Trading Access 8a EST: global.gotomeeting.com/join/405741581