Harmonic trade (MNQ)

Here is a perfect example of the harmonic AB=CD pattern playing out and how precise entries can be utilising it.

The price spiked up to the 261% retracement which is a level reputable for reversing trends..along with other confluences such as the unpreventable test of the Blue line leading to the preordained breaking of the Red/Yellow line, the 261% was an unparalleled reason to initiate those actions henceforth It was clear to me that this had a high probability of playing out.

The entry window was very narrow and ONLY the people that understood the controversy of the 261%, in that moment, were involved in it. In this case my target was the 100% retracement aka B point to the AB=CD pattern. I placed a limit order on the B point and on targets further below, I have 3 contracts altogether with 2 stop losses at breakeven and 1 at the extreme.

I can only deduce that somebody else had the same idea as me and implemented it on a far larger scale than I did allowing for this move to play out in line with my expectations. For this to be true, we would of had to come to the same conclusion based on the circumstances, my calculations had to of converged with an institution capable of providing me an output.

I believe that being in line with this institution is the only way to survive in the market which means playing by the same rules in order to reach the same conclusions and reap the same rewards this is something which is within reach of any aspiring trader and a worthy ideal.