My first three drives pattern but I've included a stop loss and thee target prices.
3 Drives is higher probability as is it a scheme used since 1800 grain trading with great success.
We may have a three drives on December Hogs. Fail today at third top. New pivots will be coming tomorrow and pivot will rise slightly overall. S2 will be higher, so not sure now much this may fall. Need confirmation tomorrow. We also have a twin tweezers top rejection. R2 becomes resistance at 63.775. R1 has been breached at 63.275. Pivot is next target for bears...
Perfect Symmetrical 3 Drives to TOP It can mean only one thing:) I've posted a similar situation chart that was a surgical strike :) as I always do.
3 Dives Top + Head & Shoulders on 1H - Dangerous Grounds ~ 1 day until February Month - 3 Days until end of Week - 3 Dives Top + Head & Shoulders on 1H Time Frame Technically is perfectly to dump and position yourself right here.
3 Drives Top 1H is ready for a bigger drop.
The Crude Oil set to make a come back! It could rise to just under 58 dollars by February.
Buy @ 1289.96 T/P 1292.78 S/L 1288.400 GOLD Fibonacci Pattern 15 Min RadioForex
3 Dives TOP with Massive Rejection on Last TOP is my favorite. Also the massive rejection result the fact that weekly 24 MA is holding like a BOSS without sweating it. Enjoy the shorts my friends.
Another failed pump by Bitfinex, the mafia exchange, the high money launderer's exchange. Has pulled off another dirty wash trade of theirs. It will end up like the rest of others with a big failure. Lets see how this 3 Dives to TOP with HUGE REJECTIONS on their Wicks plays out. Most likely they will forced out to the maximum all their indicators on small time-frame.
I think now was the last true TOP. From which will deflate this extra-pumped price with Fake Volume out of Bitfinex USDT. . Well done for bears that stayed out as I saw Shorts were low and dint jumped out at every spike. Now LONG's are trapped and IN-PAIN.
BITMEX:XBT is being a feisty little bastards trying to take-out the majority of its shorters on its way down. You know the old school Wash & Rinse? You can watch it now, fake volume pushed too the limits of no volume , everything deflating like a bubble all over again. Sooner hopefully then later as then it will caught many "Buyers" that we will need when we...
Don't freak out. If you missed our call to buy the bottom at $3150 (Yes we did!) Here's how you can get back in the game. Three Drives (Rally) Pattern: Shorts are being squeezed and shorting again (trying to find the top) Bulls are actually buying (unlike the April short squeeze) Third rally is for the FOMO buyers, and they will get their "shorts" (ahem)...
Technically it is symetrical 3 Dives to Top. Yet the market have refused it to start it for a while and forced up the last wick to insure that the last shorters are OUT. It is a classical movement and probably one of the worst ever since they over-extended even the RSI.