Three Drives
USDCAD three drives pattern idea H1Chart 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.
Gold next option trade.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 1294/1308 from 1252.
This in not financial advice so do you own research. If you trade you will be looking at your trade plan and also managing the risks. So entry at 1294 with stop outside the fork just in case the trade goes the other way.
Going Up and DOWN !!!!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 guess is pitchfork and it's 80% possible that chart reaches the middle line.
also in MACD, we see the phases are going down.
Is this stock worth owning?Medtronic plc develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide. It operates through four segments: Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group. The Cardiac and Vascular Group segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; AF ablation product; insertable cardiac monitor systems; mechanical circulatory support; TYRX products; and remote monitoring and patient-centered software. It also provides aortic valves; percutaneous coronary intervention stents, surgical valve replacement and repair products, endovascular stent grafts, percutaneous angioplasty balloons, and products to treat superficial venous diseases in the lower extremities. The Minimally Invasive Therapies Group segment offers surgical products, including surgical stapling devices, vessel sealing instruments, wound closure, electrosurgery products, hernia mechanical devices, mesh implants, and gynecology products; hardware instruments and mesh fixation device; and gastrointestinal, inhalation therapy, and renal care solutions. The Restorative Therapies Group segment offers products for spinal surgeons, neurosurgeons, neurologists, pain management specialists, anesthesiologists, orthopedic surgeons, urologists, colorectal surgeons, urogynecologists, interventional radiologists, and ear, nose, and throat specialists; and systems that incorporate energy surgical instruments. It also provides image-guided surgery and intra-operative imaging systems; and therapies for vasculature in and around the brain. The Diabetes Group segment offers insulin pumps and consumables, continuous glucose monitoring systems, and therapy management software. The company was founded in 1949 and is headquartered in Dublin, Ireland.
June Canadian Dollar Three DrivesWe 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.
Symmetric 3 Drives TOP 12H @ BTC/USDAll 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 the 1 Week Candle + 3 weeks in which we can build the down-part of the Monthly candle.
Fundamental
Nothing has changed in the Market cap is the same as it was when it hit the same high's even now Altcoins are randomly pumping and dumping.
April 26 - Rehabilitation Plan of the APPROVED claims from Mt.Gox creditors which is in the amount of 140.000 BTC & 140.000 BCH approved CLAIMS.
Google Trends still in All Time Low trends.google.com (Weird people are shilling for Venezuela when Nigeria is No.1 Place for Bitcoin interest, land of online scammers)
Technical
So simple put everything is OVERBOUGHT at high levels. It doesn't have JUICE in it anymore for any big movements without a healthy correction.
BTCUSD bearish 3 drivesPrevious 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 at 4158)
If this pattern valid, bearish projection 3835
Disclaimer : Follow my trade at your own risk.
CADJPY - Daily - Potential 3 Drives Pattern - 26/03/19Overall 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 recently also on EURUSD . These are reliable patterns and hold significant psychological value.
My thesis is marked on the chart, and of course, if price action confirms a change in direction this idea is flawed.
Tools
Multi-timeframe analysis
Support and resistance
Trendlines
Channels
Fibonacci
Harmonic Patterns
Trend Analysis
EMA's
BTCUSD "one more bearish wave"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 with target at 3982
*I already close my short at 3860, now i wait for new short around 3946 with target at 3807.
don't forget to hit "LIKE" to get more quick update (if we have a changing plan with incoming pattern)
Click to see previous analysis
PKR-USD Chart shows that Pakistani Rupee has massively DeclinedFX_IDC:PKRUSD Chart shows that the relationship between FX_IDC:PKRUSD have gone stronger. PKR has declined massively in past 12 months as per our analysis covering the Tenure of March 2018 to 2019 the period of May to July has shown massive Decline. Perhaps Bailout packages and friendly aid can might help the graph go upwards to a few bars, However the mainstream idea remains bearish against USD as IMF loan approches near we should expect more depreciation to PKR.
The chart shows a little potential gains between 0.0071xx and 0.0073xx However it doesn't seems Promising enough to attract investors.
Current Oscillators are highly on red side the buying orders for rupee are almost zero and if this trend keeps moving forward in next days we can expect a downard hit to 0.0065xx.. so plan wisely
Sometimes you Earn the other times you learn.
happy trading