NDX Dip and Rip AB=CD @ Gap Fill - Harmonic Trading Strategy
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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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.