Price is pushing upwards to the 1.98 level. This coincides with a 1.272 extension of the previous move. When touches this are it is at a strong resistance zone. Therefore exprect price to go down. I will wait for candle stick closure before acting. There is a trendline breakout on the 1hr RSI, and the start of divergence forming.
BINANCE:ETHBTC is a possible three drive pattern.
Convergence of several Harmonic pattern's PRZ. There's a Bat, a Three-Drives and an AB=CD formation. On top of these there is also Divergence on the MACD. You could enter the position now if you're afraid of missing it but I'm going to hold out for a better price so that I can use a much smaller stop loss.
There is a three drives pattern that could materialize on the eurusd chart. For that to happen, the price has to stay within the uptrend channel and hit the third high. Having accomplished that, the price action will be sent into a bear run to values below 1.1100.
Hi we believe that there exist a Three Drive Pattern for which it takes few days to complete and then we have a bearish retracement for which we may Short the Market. The Fundamental analyses are base on the current Oil Price and problems in Middle East and as we have analysed the NIFTY, we can conclude there is a upcoming Bearish Trend as the Oil Pries may go...
Been watching oil closely this days, so won't be surprised if oil reaches 80 or 42.....
Three Drives pattern formed, I predict that a head & shoulders is going to form, there is also divergence on the MACD. There are 2 supply zones that will act as higher probability entry zones. I might scale into the position using both of the entry locations.
Gold looks clean on the daily chart..... In which if u look at the daily chart seems creating a double top which might move to the downside and looking at it also it might move to the upside
Hello Traders It's not a perfect three drives pattern, but I think it will do. Good luck
Three drives Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Three drives, as well as a double top formed, touch of significant trend line on weekly.
Please this is not an Elliot wave count... parallel Channel formation here with a three drive formation.
Sell CADJPY , 2h Entry = 83.268 Sl = 83.700 Tp = 82.134
This is the first idea i'm publishing. I'm glad to tell me about my mistakes. Hope you enjoy it. Good luck.
GBPUSD Entry Price = 1.34476 til 1.35153 Best entry point is neck line ST = 1.35950 TP1 = 1.30950 TP2 = 1.27730 good luck!
Looks like altcoins recovering. But truth is, they can't pushing self to new ATH in $. You loose with altcoins in btc or in $$ value. Reason behing is margin trading with btc, and selling low volume coins after long accumulating before mainnet for a nice profit in btc before next btc pump begins. margin trading with btc doesnt making it attractive, it's more...
The bullish AB=CD is a measured move down chart pattern except that the turns are located using Fibonacci ratios.The pattern correctly predicts point D 57% of the time. By using the next higher Fibonacci ratio in the measure rule, you can boost the accuracy somewhat, to 65%. What Is an ABCD Pattern? Reflects the common, rhythmic style in which the market moves. A...