Major potential reversal zone on NASDAQ (7619)

INDEX:NASX   Nasdaq Composite
Of course in this crazy bull market, talking about reversal zones is always funny.
But well here it is.
If you believe in harmonic patterns , we have an almost perfect Bearish Crab , with an eye (B) between 38-50% of the dotcom krach. The subprime krach felt to 91% (very close to 88.6%)
And the PRZ (potential reversal zone) is at 161.8%, which is 7619 points.
If you're willing to trade it, one could wait for the prices to go slightly above 7619, and wait for a sharp fall from this level. A short entry would be below 7000 ( trend line breakout) with a stop loss above the all time high.
Target would be ... very low.

Note : the pattern is quite huge, prices could touch 7800 without invalidate it. As long as it falls below 7619 after this.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out