The end of the 5 waves down that started in 2011 seem eminent.
The ABCD target from 2016 top 13.155 with the first 2 legs been completed - the last leg looks like to be a three drives down pattern.
The ABCD target from the top is 11.69
Shoot up to my friend WallStScalper for the ABCD idea
Watching few pairs closely next week for potential trades, one of them is the AUDUSD as the price forms a bearish three drives pattern(symmetrical waves). The potential reversal zone of the three drives is also near the main long term falling trend line. Slightly above that there is a cluster of horizontal resistance area. Finally, there is a clear bearish...
Hello traders, due to numerous requests for the future direction of Bitcoin here is my current view for BTC/USD on the 4h chart.
I'm expecting a similar move to the one we experienced 2 months ago (chart is shown below).
The prediction above was used as an indication of future price direction from $890, rather than waiting to short upon completion of the...
As we correctly predict the rising triangle broke upwards and hit the projected targets as mention at the previous article attached below.
The question is what Gold 1.05% is going to do now?
The current price action is bullish but with bearish signs.
First of all the triangle did not broke with high volume .Second sign is the RSI divergence that it is obvious....
Next week plan
If it will be the case of a three drive pattern, lets short the usdcad until 0.382 level @ 1.34410 and then long for 1.414 fib level around 1.402.
Same strategy published earlier (see chart below), we go looking for a SELL OPPORTUNITY on the second bearish leg. Here, we see a potential bearish 3D PATTERN in development, but the risk of trading it, is very high, so we look forward to seeing the completion of the first bearish leg (if it will happen), before take short position on the second Leg.
The trend is...
Hello traders, following up from my price structure post for STR/BTC (chart is shown below), I have now spotted a bearish three drives pattern indicating a move up to 3670.
Price completed the 2nd price drive at 1.56 and we're now in the middle of the 3rd price drive which I am currently capitalising on.
As shown below price is currently consolidating...
In my opinion, finding a good trading opportunity is like a detective gathers clues and seeing what they all add up to. There are lots of tools that we can use in our technical analysis, but in my opinion no single one is great. Rather it's the combination of those tools & tactics that allow us to dial down on the best areas in the markets.
The Forex market never ceases to amaze me. Price floats like a butterfly but stings like a bee if one doesn't apply an edge with a solid risk management method.
The chart speaks for itself...
I am short bias, although a break and test to the upside of 1.1000 will present a long opportunity. You have to be quick like the jaguar in order to reap the rewards of...
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
In this chart we gave a look at the eurusd. After the election in France of Macron the euro may be stronger but the conflict with Angela Merkel will be hard for France. France will accept deflation wages and a correction of accounting.
On the chart we see a 3drive pattern, the target area si 1.7130 and yes we're already in this trade.
3 Drive on Daily; The last few legs have been 786 retracements of previous leg.
Price action currently at Bullish Trend Line and Previous structure and Support confluence.
beginning possible Harmonic move to 786 target of previous leg
and HNS on 1H TF , possible trend reversal on lower time frames.
If rules are met, will go long for 50p (1R) for Target 1
![EURUSD: [EURUSD] SIMPLE SETUP IN DEVELOPMENT (3D)](https://s3.tradingview.com/o/oLMzMr70_mid.png "[EURUSD] SIMPLE SETUP IN DEVELOPMENT (3D)")
