April Hogs Three Drives Bullish CypherApril Hogs has created a bearish flag and top of a bearish three drives. Need confirmation before taking an interest in this bearish scenario. We have seen a fight with bulls and bears in the past week keeping hogs high. It happened again today. Index once again fell, so the logical action would be to sell, but when have futures been logical. Bears have been very active with more sells than buys, but funds supporting further highs. Hog inventories 2% higher at this time last year. If bears can push this down off of bearish flag tomorrow target is 73.425 at pivot
Three Drives
XEM/USD long trend aheadEven though we recently learn about China is moving for a cryptoban, XEM* is already well implemented in the east and should provide a growth in the month to come.
The recent down is probably due to the uncertainty related to Catapult and China Cryptoban rather than about the fundamentals of XEM*
The demand has a steady growth but could be slowed by a lack of platform trading the XEM* and the lack of counterparts .
In order to break the 1.09 resistance, those 3 issues have to be clarified.
The coin may stumble a little longer, as no support have been clearly identify and as the future doesn't look clear enough yet.
In conclusion, look out for the any news related and any sign of rebound.
Analysis done by The Foil
31.12.2017 03:31
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[ADA/BTC] - They see me flaggin, they hatinCardano has been on an absolute tear the last month, exhibiting the flag patterns we've seen across many alts over that time. It's currently breaking out of the last flag but the question is whether it forms a three-drives pattern and drops or continues flagging.
I've set two targets here that represent the case for each scenario - 5k for another flag and 4.3k for the three-drive. Either way, we're looking good for a quick swing trade here.
EURUSD: May complete 3rd wave higherEvery EURUSD dip was re-bought. The price could be heading to complete the third wave of a potential three drives pattern as illustrated on chart. Buying this for the short term. Will be watching if we reach potential reversal zone around 1.1920-1.1930.
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Technician
NatGasUSD possible three dives patternIf the pattern continues correctly, you can buy and sell near the signals.
Canadian Dollar Triple bottomCanadian dollar should have moved up on gap down on USD, but pressure on CAD has left it stagnate. The H&S called for in Dec contract on USD appears to be delivering. Neckline at 92.58. Looking for a double bottom at 91.50. CAD ??? We may conclude that a bullish flat was created today on CAD. What overnight will bring we will see tomorrow.
Soybean Meal Bearish Bat Three DrivesMarch Soybean Meal fell off of a Bearish Butterfly last week. Possibly entering a three drives bullish pattern. Soybean Meal and Beans have been operating on sales alone for bullish moves. Has reached bullish support for volume. Next downside target is Pivot at 326.6
GBPAUD huggge Bat 1w, and 3 Drives Pattern! 4hr--------------Bat--------------------------
Starting with the weekly and zooming in, you will see a consistent uptrend that forms a Bat Pattern starting at May 23rd (This is not visible)
It has the valid measurements between
A = .382 - .5
B = .382 - .886
C = 1.618 -2.618
X to D = .886
--------------3 Drives--------------
The chart illustrates a Bearish 3 Drives pattern (bearish being the final move), with the valid measurements
Top Legs - .786 or .618
Bottom Leges - 1.272 or 1.618
and matching harmonic numbers ( meaning .786 matches 1.272 and .618 matches 1.618)
This move is DEPENDENT on the reversal candlesticks at what is labeled as "C". This is The BAMM move up as a BUY.
Next we look for the candlestick reversal at what is labeled "D". As a SELL
Risk Reward is PHAT! at 1 : 4.7 !!
These 3 Drives are hard to find, buy totally worth it when they hit!
Note: always draw it on your own chart to get exact measurements! Make sure you have confirmation candlestick patterns CLOSED before entering - it may shoot through the D reversal zone!
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