NAS100 , Timeframe 4H: The chart appears to show a harmonic pattern, specifically the Bearish Gartley pattern, which is depicted with the points XABCD. The points (X, A, B, C, D) form a specific structure that traders use to identify potential reversal zones. The specified range just below point D represents a potential reversal zone where price might find resistance and begin moving downward.
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.