NQ1 1W Bear Deep Crab Harmonic with target levels

31 paź

On the weekly Nasdaq 1W chart a bear deep crab harmonic pattern active. If this plays out, very volatile price action will occur ove the coming months. Deep crap price targets are measured as fib extension from the BC leg of the XABCD pattern. Note the large bull Gartley that has driven price to current levels has alraedy reached target 3 at 1.272 fib extension of AD leg of the Gartley. On daily chart, there are two bear ABCD Ext patterns which should drive price to point C of the bear Deep Crab, before a sharp temporary retracement to recent high, before plunging below point C to the extension price target levels below.
This chart is not for intraday trading, but should be useful for swing trading at these key levels.

31 paź

Uwaga

point C is at 15090.

31 paź

Uwaga

also note the shape of the gartley plus deep crab on 1M timeframe is a large bear ABCD, which would have price action of the bear deep crab on 1W tf...appears to be plausible.

31 paź

Uwaga

apologies for the transcription typo--should read as deep "crab"!!