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US 100 Index
Short

Nasdaq 100 index Bat pattern completion

By Capricorn_Trader
The index is in a corrective phase on the monthly time frame. On the daily time frame it is completing the CD leg of a bat pattern whose target aligns perfectly with the 38.2% fibonacci retracement level taken on the monthly time frame. Short positions can be opened with stop loss a few pips above C point and target at the green horizontal line indicated on the chart.
Chart PatternsHarmonic Patterns
Capricorn_Trader
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