Bearish Harmonic Impulse Wave @ 0.886 Retracement

The Extreme Bearish Harmonic Impulse Wave at an 0.886 retracement, illustrated in Figure 2.13, is a special situation that combines two critical harmonic measurements to define the trade opportunity. The combination of the 0.886 resistance with the extreme impulse extension frequently provides a tradeable, short-term opportunity at a minimum.

Figure 2.13.