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Chapter 3. New Harmonic Patterns > NASDAQ 100 March 2010 Mini-Contract (NQ_H0):...

NASDAQ 100 March 2010 Mini-Contract (NQ_H0): 60-Minute Bullish 5-0 Pattern

Figure 3.8 shows a distinct 5-0 pattern on the 60-minute chart that reversed sharply after testing the entire PRZ.

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Figure 3.8.

This chart is remarkable due to the pattern pinpointed the intraday support. The price action formed the proper alignment of ratios for the structure, stabilized in the PRZ, and reversed immediately after testing the completion point of the pattern. These characteristics are the ideal signs of a valid reversal for any timeframe. The key is to focus on the price action following the completion of the pattern.


  

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