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cdmoon44
Sep 26, 2020 6:33 AM

NQ 4HR - Double Bearish Harmonic Patterns Short

E-mini Nasdaq-100 FuturesCME

Description

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--
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