DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
HELIOS AND MATHESON ANALYTICS INC - COMMON STOCK, GROWLIFE INC., SPDR S&P 500, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, BANK OF AMERICA CORPORATION COMMON STOCK, GENERAL ELECTRIC COMPANY COMMON STOCK
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
the three drives pattern is a reversal pattern designed to highlight times when the market is exhausted in its current move.
… the pattern has a bullish version and a bearish version.
… the pattern is composed of three waves or drives that complete at a 127% or 161.8% Fibonacci extension.
… the trade is entered in the opposite direction to the overall move, when ...
Not in this one yet but looking to enter as soon as a daily base is formed
The one thing preventing me from buying now is the weekly chart which does not have any significant levels of support or demand where we are now
So will sit on hands until price action gives clues that a base has formed and give up a points for the confirmation
I know most folks on this website are not trading NovoB but it is always nice to see multiple patterns coming together to confirm a trade. So we have a potential CD leg forming on NovoB with a c.-40% downside target to the congestion zone between 180 to 200. What is interesting the completion of a 135 pattern which forms the BC leg of the larger ABCD. Still ...
Looks messy... but this is actually an extremely harmonic bearish three drives pattern with bearish divergence.
EUR/USD Alt Crab Pattern & Potential 3 Drive Formation
If the next 4 hour candle closes below 1.23323 then the
bearish sentiment will continue.
I have drawn a projected 3 drive pattern in blue, which would
eventually target Point C of the Alt Crab Pattern.
Two possible short trades:
Entry: Close below 1.23323
Disclaimer: In between trades I like to project price for entertainment purposes only. I trade purely on price action - sup/res.
After seeing a million charts I like to predict how price will act. Again I never pre-empt price action (wait - that's a lie. I sometimes do and that how I lose on trades).
Always wait for the trade to come to you. Patience is key.
Like I said before I have no bias. I don't care if price is going up or down. I have no emotional connection with it or any other coin or currency pair stock etc etc
. I just go where the price action takes me.
850 Is a cruicial area. If price holds here at support our long targets are 1700.
If price breaks below 850, my short targets are 460, 250, 215
I will ...
Short Term Targets are listed on chart.
Nice looking, harmonic three drives with reverse bullish divergence.
Despite what people may think, three-drives are actually a reversal pattern. Although this initially looks bearish, and it is, it's safer to trade it upon confirmation. Once completed, three drives indicate exhaustion of a trend, and can be played similarly to most other harmonic patterns. What we look for is three consecutive price swings in the same direction, ...
FX:USDCAD appears to be forming third Elliott wave. If previous level (3) is broken, I expect to see uptrend to 1.2850 (and 1.2875 T/P)
Part I: The predicted trading range for tomorrow, Monday, February 26, will be between 25402 and 25000. Market futures say 25411 at this time, but given the lack of news over the weekend it is likely they will return to more realistic levels. Obviously a 400 point swing is highly unlikey, but given the volatlily that the Dow has experience as of late, this type ...
Nice little three drives with bullish divergence. It's also showing a megaphone pattern as found by @avasreader
Drives 2 and 3 should be 127.2% or 161.8% extensions of the A and C retracements
First Target 53000
Second Target 66000
BUY ZONE 3K
TARGET 1 : 10K BITFINEX:BTCUSDSHORTS
TARGET 2 : 30K BITFINEX:BTCUSDLONGS
TARGET 3 : 45K
DONT FORGET COMMENT AND FOLLOW FOR NEW POST!
Followup on my last ethbtc pair post. The more I look at the pair, the more I feel I should have posted that last one as Neutral rather than Long. There are conflicting indicators going both directions.
There are several really interesting things going on here on the 2D chart. First of all the macro-pitchfork is looking good. We are sitting around the median ...
What I think or what you think isn't so important because the market has indefinite ways to find his way.
Keep your risk low and don't overexpose your balance!
Have a nice trading week.