The SPX may be Double Bottoming while showing RSI Bullish Divergence at the PCZ of a Potential Bullish 3 Drives on the Hourly that may atleast lead to a rally for the remainder of the current trading week.
This an additional update on the DXY Bullish 3 dives pattern I posted several weeks ago; It would seem that Not only has DXY Bounced from the PCZ of the 3 dives pattern but has also broken a it's equidistant channel and has broken out of a falling wedge visible only on the daily and weekly charts with triple MACD Daily Bullish Divergence!
I'll leave all my...
DXY has formed an AB=CD and is going for another dive down with reversals targets around the 92.35 area which would be the 2.618 from our most recent low to high it is also confluent with the 1.272 fib extension from our more significant low to high that we have just broken below.
BTC chart within the downward wedge has been making a bullish 3 drives pattern, but I will say it also made one with the last hump I will put link below. So it seems to be moving within this Wedge pattern since January the fibs line up about 68% extension on the tops and 1.2 on the bottoms its textbook now we just need it to hit the bottom of the wedge at $5500...
If you here at the weekly have a 3 drives patter to the t with the extensions check it out let me know if you agree. I have never personally done one that fits so well. check it.
Hey guys, I wanted to take a deeper look at the trend of BTC and decided to analyse the trend from May onwards, only to see that a Bullish 3 Drives pattern seems to have formed. Does this mean we should expect a run soon? Lets wait and see. Exciting times. Remember, DYOR.
My view XAU/USD Bullish Three Drives Pattern in time frame D1.
But if you want buy look in time frame H4 where position to good OP buy, look in my related idea XAU/USD below.
Thanks
