The Nasdaq 100 index has entered a technical correction since mid-April, falling more than 6% from its record high. The index formed a bearish Gartley pattern as highlighted in the chart above, suggesting that further downside potential is likely.
The Gartley pattern is a classic harmonic chart pattern, based on Fibonacci numbers and ratios.
The Gartley pattern is a classic harmonic chart pattern, based on Fibonacci numbers and ratios.
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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.