Harmonic pattern complete for Sell on US 100.... high probabilit
Shark harmonic pattern complete with the fibonnaci requirements almost to the dot.
Invalidation of the shark is greater than 1.13 extension and the Nasdaq has stopped just shy of that. 4 hr massive RSI divergence. Daily RSI overbought. Double top on 4 hour chart.
The grey shaded area is the entry point 0.886 extension to 1.13 extension of the shark pattern... Stop loss placed just above the high allows for nice risk to reward trade. take profit at 0.5 and 0.618 of move down which aligns perfectly with the swing high that led to the low where the rallly started.
I think all the US indices have the same pattern playing out.
Invalidation of the shark is greater than 1.13 extension and the Nasdaq has stopped just shy of that. 4 hr massive RSI divergence. Daily RSI overbought. Double top on 4 hour chart.
The grey shaded area is the entry point 0.886 extension to 1.13 extension of the shark pattern... Stop loss placed just above the high allows for nice risk to reward trade. take profit at 0.5 and 0.618 of move down which aligns perfectly with the swing high that led to the low where the rallly started.
I think all the US indices have the same pattern playing out.