MMHVW - this could be potential short 3 drivers into a bull Gartley.
Chart showing three drives pattern occurring, with all correct retracements. Aiming for entry at 1.272 as per harmonics. Potential for a 5/1 reward-risk trade. Confirmation depends on price action inside area, in which you can see a confluence of pivots and fib levels.
MMHVW - 1294 could be the area of value in this downtrend on XAU. Once at this level I will be looking for a entry trigger. If the pattern on the chart - 3 drivers - plays out we could see a pullback on XAU price as this is also a Terminal Wave. With terminal the price should break wave 2 & 4 trendline and retrace most or all of Wave 5 - so this could pullback to...
Hey guys. First of all, we have " SEA PONEY " pattern from point X to D. Also, it can be three attack When the chart receives to D, a bearish market begins. we have very powerful Fibo lines above D and it can not Pass them. base on Ichimoku indicator I found several strong resistance and supports lines. another reason that can improve my...
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See chart. The DAX has a further 3% or so and then I see a massive sell off.
It looks like a 'three drives' pattern. But I'm no expert on this particular pattern. I make no predictions. I'd welcome perspectives on this from others who know more.
MMHVW - see chart. Potential long trade.
MMHVW - see chart. leave your comments. Much appreciated,
We may have a Three Drives scenario with Jun CAD. USD was looking like a Head and Shoulders this past two weeks. CAD caught in sideways action. S1 at .74545 would become support for this move. Could also use S2 at.74090. Will have to wait and see.
All the choppiness was with the intent to create this perfect pattern and very symmetric 3 Drives TOP. Money Flow Index = Overbought level (Last time that happened was a very violent breakdown.) RSI = Overbought Levels This movement marked the beginning of 1 Week + 1 Month candle building the upper part of it. Which means it will remain to build the down-part of...
Previous analysis we have bullish flag pattern with projection at 4158, but we take short sell at channel up resistance at 4100 without have to wait flag projection hit. Our short decision base on bearish 3 drives pattern resistance at fibonacci 1.272 at 4100, and also channel up resistance. (Bearish 3 drives perfect ratio if we hit resistance at fibonacci 1.618...
Overall I think we're still in for some selling pressure down to the 80.50 - 81.00 region. We're seeing some really clean price action after a break of the 83.00 handle, with price making lower highs and lower lows. The EMA Waves throughout the higher and lower timeframes are aligned. If this does play out it'd form a 3 drives pattern, which I have seen...
MMHVW - see chart. I’m not trading this one - just posted for info purposes.
Today we have 3946 as previous support become resistance (classic support and resistance). This level also as Fibonacci 618 resistance . If this level able to hold bullish, it will confirm bearish with a new lower target at 3807 (fibonacci 1.618) This pattern still unconfirmed as bullish 3 drives , and it will complete as bullish 3 drives once we reach 3807...
EURUSD still inside channel down, we can see 3 drive pattern perform here. Bearish target for this pattern at 1.1152 , after target reach bullish will perform with target 1.13755 This pattern will failed if channel down break up (stoploss) EU and DXY vice versa