Three Drives
SHIFT:USD - Ascending Triangle With 3 Drives PatternSHIFTUSD is getting ready to break out of the ascending triangle.
The three drive pattern might indicate an imminent end of the pattern and the formation of a new pattern.
Happy Trading!
Canadian Dollar Double Bottom, Three Drives, SharkGood news has helped the CAD bounced off a double bottom today. Next upside target R3 at .79500. Possible bearish Shark pattern developing. USD still creating massive Head and Shoulders which if it comes, will help fuel CAD to Shark completion. CAD fell from H&S last month, then went into a three drives pattern and double bottom yesterday. CAD also crossed the 20 day moving average and could now be used as support if uptrend continues.
LiteCoin - 12-1-2017Litecoin is about to challenge the recent highs at $103.54. If the breakout is successful, then this will be the 5th wave. You can see that I've labelled the prior waves and used that to project a target. As per Elliot Wave theory, wave 3 has to be the longest and that's why my target is not 127.70 but somewhere between 108.30 and 115.72.
January Milk Elliot WaveJan Milk III is nearing the Support 3 line and closing in on oversold RSI. Milk is very bearish right now. USDA put milk trading around 16.18 to 15. Well it went below that. The next USDA numbers on Milk is November 20, 2017 3:00 PM. Right now Milk is trading in a band and could be coming to a final three drives pattern.
BTCUSD Intraday setup 7BTCUSD hit our previous analysis at intraday setup 5
Now this coin complete three drives pattern inside rising wedge pattern, and already hit wedge resistance.
Both of this pattern is danger, with bearish result,
if this coin drop :
1. we have support at 6063.91 and
2. three drives pattern projection at 5391.00
For bullish,, we still have symetrical triangle projection at 6939.40 (from intraday setup 6), but we have to break this bearish pattern first.
i will update this analysis if :
# we have bullish pattern
# Support reach
# or three drives pattern projection reach
Happy trading, good luck.
If you have any opinion, about this analysis,.. share your comment, and very appreciated if you hit like/agree for this analysis
BTCUSD intraday setup 5Tecnical :
BTCUSD jump after reach 5581 this coin still in bullish wave, our target at 6449 this weekend.
If rising wedge break down support at 5391.
Fundamental :
Huobi to reopen trading with Bitcoin and Ethereum trading on Oct 26. China lifting ban could likely reignite Bitcoin market
news sources : www.huobi.pro
OPPORTUNITYwait. a refusal to resist will be a good opportunity to sell in this area. safe transactions. Good luck!
An alternative to the H&S perspective -- similar outcomeI can't quite buy into the skewed H&S breakdown, but see old-man BTC's need for a breather. A pitstop low enough to allow for a repeat of the last pattern would allow for a steady path to 7200 with some reliable volatility for short-term traders. I don't want to jinx hodlers, but I can't help but hope for the return to the 4600 neighborhood.
BTCUSD intraday setup 4BTCUSD hit second 0.618 fibonacci retracement, inside rising wedge pattern. This price action will trigger bearish three drives pattern.
To complete this pattern,, 6449 will be bullish target from 5565 at fibonacci 1.414, and prepare for bearish correction after target reach to 5391.
good luck.
NZDCAD: Confluence!Confluence of :
1- Prior swing low and support level
2- Three drives pattern
3- RSI bullish divergence
4- Rejection candle
Best
Technician
BTCUSD outlookBTCUSD hit second 0.618 fibonacci retracement, inside rising wedge pattern. This price action will trigger bearish three drives pattern.
To complete this pattern,, 6449 will be bullish target from 5565 at fibonacci 1.414, and prepare for bearish correction after target reach to 5391.
good luck.
[GOLD] POTENTIAL REBOUND IN SHORT TERM...The trend remains bearish at the moment, 3D PATTERN potential on H1 chart can appair, and it could develop a HEAD AND SHOULDERS (bullish).
If you are not able to trade 3D PATTERN, wait for confirmation and take long position on the right shoulder with stop below the head.
If you think this analysis can be useful, leave a your comment or your LIKE!
Thank you for support and trade with care!
(8h) 3 Bearish Patterns to Drive... or not ;)
With a solid bearish divergence (RSI + MACD) forming the 3drives pattern, but also two different bearish harmonic patterns.
The Bearish Butterfly pattern (orange) at 127 extension from X to A, BUT with a point B rejecting the pullback to the 78% retracement for a few pips, (failed the criteria for point B, but not the final print, extension between the 127<>141 extension), also previous structure highs from 16 Aug 2017 rejecting to close above that previous higher close.
The Bearish Bat (red) is forged at 88% retracement from previous highs to most recent lower lows (retracement from X to A).
Stops should be positioned above all the structure with a maximum of 1:1 risk/reward for the 1st default target at 38% retracement.
Targets should be synced with the fib levels, by default the 38% and the 61.8% retracement and we can see they are also synced with previous structure.
Safe Trades;
Lean Hogs 3 DrivesDecember Lean Hog maybe moving into a 3 drives pattern. RSI trend is up and hasn't been broken. Hog index is now at 60.92. We may see sideways trading now until a definite direction is decided. Watching for trendlines to fail top or bottom. New pivots will be formed middle of next week producing a small range of resistance and support.
