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Three Drives

short and long position for xauusdhello guys As you can see in the chart, after forming several drives and divergence, the price has broken the drive line and started a downward movement. After Sharp's move (or movement with high momentum) , this scenario is repeating itself, but this time it has formed two drives. There are two areas with high potential to take a long position. The first area or the first scenario: It is possible that the first liquidity range will be formed after the break and engulfment, so you can wait for the long confirmation in this area. The second range or the second scenario: This range can be formed on the QML AND DP The TARGET of both POSITION is the end of the first drive that I have shown in the CHART! always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment. BE PROFITABLE
OANDA:XAUUSD
by melikatrader94
12
GBPNZD - AI & MAJOR LEVEL COMING UPToday Im taking a look at the AI for the next 2 days and how its timing in with major pattern completion levels between 1.8947 - 1.8962. Patterns completing are a Gartley from the 15th low. An ABCD from the 18th high @ 1.8962 A 3 drive completing at 1.8947 Add in the AI @ 2:30 tomorrow morning and this gives us a great set up to buy. If its at a high coming into the key time then its likely to be an invert and heading lower. Things lining up nicely. Lets see how it plays out. Enjoy the day. 👍👍👍
Long
by L_F
BITCOIN - Possible Top Saturday??COINBASE:BTCUSD is still edging higher with now real confiction. Im thinking we are coming to the end of this rally. If we take a look at the AI for this week then we could see this have one more rally into Sat evening or has the high already been made just shy of 25k? There are a lot of unfinished patterns just above 26k with multiple ABCDs and the 61.8% level from the May 31 high @ 26700. Some things to watch over the coming days. Enjoy the day. 👍👍
COINBASE:BTCUSDShort
by L_F
1
some continuation followed by consolidative move in semissemiconductors are on an upward trajectory,and a sell the news event has marked new highs in 3x leveraged semiconductor bull etf SOXL. as long as we remain in this uptrend the market will have no trouble with a third drive to the upside, but during which i would be looking for signs of exhaustion, as some kind of daily topwick could form around rhe $20 area. if we get movement above this supply zone the chart will look more bullish, but closing the gap and pivoting to an hourly equillibrium in an overbought area rsi. that being said a higher supply could take a day or two so as long as sundays numbers are positive or negligible loss nq1! semiconductors should find a local extreme to the highs early or mid next week and consolidate. upper horizontals are stiff resistance, and lower horizontals are areas to be explored for short candidacy.
AMEX:SOXLLong
by cerealpatterns