Three Drives
GOLD/XAUUSD Bearish 3-Drive and Bearish 5-0. Min target 1210Bearish reversal on gold. Lower TF entry short min target 1210 for a Wolfe Wave. 1180 for 3-Drive
Long-term Gold - Gap hunting.Confluence with multiple methods of TA.
Volume shows strength.
Moving Average 50 with -50 offset is the best indicator of trend when paired with structural analysis.
MACD crossing bullish; big divergence and continuation signal.
Bullish Channel established.
This is not a buy signal, this is strategy testing.
GBPUSD H1 Three Drives Pattern Possibilityconvergence of
1.272 projection of this swing
1.128 AB=CD
a possible 3rd Drive leg
3 drives pattern is coming to town?
Potential Three Drive BTCHope to sell here tp at 1.618, buy then to .888 retracement, EMA 150 in 4 hr chart mark here in red is great support, my expectation is to have a bounce down here and complete the 3 Drive,
NZD/USD - Three Drives (Confluence)Hello traders, following up from my previous post on NZD/USD with a bearish cypher pattern (shown below). I have now spotted a bullish three drives pattern that aligns with the D point of the cypher and it looks insane!
This has opened up an opportunity to trade with over 1:4 risk to reward, I'll be selling upon the breakout of the trendline.
Do not forget we have the FOMC rate statement on the 1st of February and NFP on the 3rd of February, this provides additional reasoning for a 600 pip move.
As always, trade safe everyone!
NZD-USD (60min): Bearish Gartley Pattern (potenziell)Hallo Freedom,
Aufgrund des übergeordneten Three Drive Pattern im NZD-USD (daily) jetzt der Short-Einstiegs mit folgendem Einstiegssignal.
Bestätigt wird das Einstiegs-Level des Gartley Pattern durch einen harmonisches AB = CD Pattern
Leistungskennzahlen findet ihr im Chart.
Trefferquote liegt bei etwa 56% und nicht wie im Chart fälschlicherweise angegeben bei 69%.
Viel Erfolg!
(4h) 3Drives Bearish Pattern with Bearish Butterfly @ 141% extFX_IDC:EURUSD
- Shorting the ABCD Pattern Retracement
- 1.07204$ previous structure;
Safe Trades;
GBPUSD Bearish Cypher + 5th Wave ExtensionLooking for the GBPUSD to make a reversal here. A perfect Cypher wouldve been at the 78fib, but the Order Block is up here. Looking for a 5min ICT reversal pattern
NZZ/USD SELL SetupThis chart shows Sell setup for NZD/USD will give you small sell setup till 0.71423
Final wave in USDCAD triple three correctionBuy FX:USDCAD into potential wave C to complete triple three correction and form a three drives pattern @ 1.3830. Still, might not complete this one as it looks too perfect to materialize :)
Buy 1.3170
Stop 1.3140
Target1 1.3430
Target2 1.3670
Target3 1.3830
ABCD & THREE-DRIVE EXPLAINEDHi Traders,
Please find below three basic trading strategy's that can be implemented to any market on a daily basis.
I have only given out basic information on the ratio's and fibonacci's of the two strategy's, should you need anymore in depth information don't hesitate to contact me.
ABCD Rules Of Engagement:
1. Point C must retrace to a 0.618 of the A - B move
2. Point D must be a 1.272 projection of the B - C move
3. Buy/Sell at the D leg completion.
Three -Drive Rules Of Engagement:
1. Point A should be the 0.618 retracement of drive 1
2 Point B should be the 0.618 retracement of drive 2
3. Drive 3 should be the 1.272 extension of the B correction
Three Drives patternsGot a good reversal ()3 Drives to up, the down reversal success has been moderated. Lets see if this one works better.
tp 1 1196
tp 2 1170
Threee Drives again or CUP?After my previous 3 Drives pattern () works, This might be another 3 Drives pattern. It is really 50-50 where Gold can go now. We can go with either CUP pattern, which it can run to 1172 and possible a run to see 12xx handle or break 1146, go with 3 Drives pattern, and get a chance to see 2016 low again.
Bearish 3 DrivesSee Annotations
"Sell with Resistance" can look like - shooting star, tweezer top, head and shoulders, bearish divergence, etc.
I haven't found much online regarding targets of the pattern once the 3 drives completes. As always, let it go and use your stop system.
Three DrivesIt is at the final stage of 3 Drives pattern, which is up, up and away stage. Gold has been favor this pattern quite a lot, let's see if this works again. First TP 1147.55 and Next 1157.11, those 2 are the clone levels.
