ES1 1W Bear ABCD Ext harmonic

31 ต.ค.

The Bullish 5-0 pattern which has been at play over the last few years has finally run its course to price target at 1.272 extension. A bearish ABCD Extended pattern has formed recently, with retracement, but has reversed out of the prz and should drop rapidly to ABCD point C ~4350. This coincides with active bear deep crab harmonic on NQ1! (see prev post).

This is a Weekly chart intended to show trend reversal and swing trading at key pivots--not for intraday.