Abcpattern
USDCHF to sell soon?Using the three drives pattern, we can consider that the leg C has been reached (0.618 fib ratio of the entire pattern). This means that buyers are exhausted, reaching a great resistance zone for confluence on the D1.
Here we observe RSI bearish divergences on H4 and H1, with a double top pattern.
Wait for a big candle close below the neckline for more confirmation.
Good luck everyone,
Joe.
FB Buy Zone(s) IdentifiedPlaying around with some technical analysis tonight.. I found a found a pretty decent buy zone for FB.
In the video I explain how I identified it.. I also go into a little bit of detail about how I chose the the option contract I'd like to play.
I hope you enjoy! Sorry if it's a bit awkward, it's my first video upload.. More to come, I hope! Have a good one, everybody.
Please reach out with criticism or questions! I'm happy to engage with any trader.