TraderEye Market View: The Nasdaq draws us a weekly harmonic pattern

Thursday, July 11, 2024

The Nasdaq draws us a weekly harmonic pattern

The Nasdaq index draws us a weekly harmonic pattern of the AB=CD type. This is a reversal pattern that has not yet been confirmed by a Japanese weekly pattern, but it is definitely a test point that requires the attention of traders.

Attached is a weekly graph of the Nasdaq index showing the AB=CD harmonic pattern:

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