Three Drives
GOLD quick short setupLooking for an hourly candlestick rejection as a final confirmation to short GOLD for a quick bearish reversal.
The price has completed a three drives pattern at the previously broken support and potential resistance now around 1264
Best
Technician
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
Multi-Year 3 Drives Could Bring $ETH to 0.5 in 2018A lot needs to happen both technically and fundamentally for this to happen as described. The idea is likely wrong, but nevertheless worth keeping in mind through 2018.
@VentureCoinist had a similar chart
pbs.twimg.com
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!
You're welcome to repost this, just mention @corganmusic! :)
For those looking to learn to trade, message me! Good luck out there!
Learn to trade: sixfigurecapital.com
IOTA/USD Bullish 3 Drives/ Wolfe WaveHi guys, here's a short on IOTA/USD to about 4.00 USD (slightly higher to be safe, I'll stop at 4.10) and then a bounce to 4.90 (where I will stop at ~4.80 likely).
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
