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Triplethree

Stamps.com - Rare Elliott Wave Combination Ending In Live TimeThis type of extended Elliott Wave Pattern is known as a triple-three combination. As you can see, it is extremely complex and ends with a clear triangle. I have never seen such a complex, corrective wave sequence this clearly pronounced, nor have I seen one of such long duration (and catch the very end of it). This identification of this pattern is extremely useful in this case - signals that many individual stocks' "upward corrective" trend since March 2020 is coming to end very soon. I'm shorting this since its as good a chance at catching the top of 132-point drop (initially) as you may ever get. - PermanentlyCorrectingPig NASDAQ:STMP TVC:NDX NASDAQ:AMZN TVC:SPX TVC:DJI
SShort
by UnknownUnicorn5511258
9
USDJPY, triple Three correction Usdjpy is pointing at a new opportunity to sell with this corrective pattern. This correction is one of the five types of corrective patterns that correct the completed cycle of the prevailing trend. Zigzags (5-3-5), Flats (3-3-5), Triangles (3-3-3-3-3), Double threes which are a combination of two corrective patterns previously mentioned. Then lastly a Triple three that is a combination of three corrective patterns mentioned above The corrective structures are labeled as WXYXZ. They are an 11 swing structure. The subdivision of wave W, wave Y, and wave Z can be a zigzag, a flat, a double three of smaller degree, or a triple three of smaller degree. The Wave X can be any corrective structure including a stand-alone triangle
Education
by ABDOLLAR_FX
BITCOIN - Not a Triangle! Still a Double Three!!!This correction might not be over. We have already completed pattern 3-3-5 Flat Correction, Primary Structure - Double Zig-Zag in Intermediate (W). Then we completed what looks to be a large ABC pattern or Wave X and is developing, Intermediate (Y) - Expectations and Minor degree ABC sequence. A "Double Three" will complete one corrective wave pattern, or there is also something called a Triple three which has a corrective pattern, X Wave, corrective pattern, X Wave, and then ends on the third corrective pattern. Will probably wait and just add more longs to my position at the bottom of the Zig Zag if that plays out. Yes, very possibly around $8,500 ( BTC1! ) CME OPENING GAP *** At any rate, like always, this is not advice, just one person's opinion of the current chart situation. I am not Bearish long term. I am a Bull. A new Bull run will start with a very aggressive and impulsive 5 wave move up. We have not seen that yet. I just have not been able to line it up with a valid impulsive pattern yet. The first target is around $9,100 (As there is much support in that area and where many shorts may start to cover and many bulls begin scaling in long). Other point (retangle green) marks the CME futures GAP and target full fibo 1.236%, or target complete 1.618% to retracement I am not Bearish long term. I am a Bull of Bulls. Elliott Wave Double Three Combination elliottwave-forecast.com Bearish | SELL Levels Entry @ 11100.00 SL @ 12299.00 TP @ 9300 / 9100.00 / /8500 / 7500.00 Bullish | BUY Levels Entry @9100 / 8500 / 7500.00 (or Market Price) with SL @ 5800.00 TP @ 10500.00 / 9500.00 / 7500.00 / 10000.00 / 14000.00 / 16500.00 / 18000.00 / 21000.00 / 25000.00 / 30000.00 / 35000.00 Safety Measures: Moving SL to beak-even when in the green.
BITFINEX:BTCUSDShort
by ferGOD
5
XRPUSD - LONG MONTHLY LEVELS AND TREND LINE TRIPLE TOUCH now complete. Until today, the trend line had never been retested for the third time. My technical analysis and fundamental bias lead me to believe that XRP is headed to make substantial new highs during the month of May. The monthly candle closure is imperative in the next 7 hours, as we are looking to stay above the .32 area. It is hard to say where the upside of this may be, but I know where my stop losses are located for margin trading. THIS IS NOT FINANCIAL ADVICE! ONLY MY OPINION.
BITFINEX:XRPUSDLong
by WintersCloud
Sterling Pivots at the False Breakout Extreme - Bulls AlertedWe've written about the GBP/USD a couple of times over the past month or so anticipating a wave 'B' bottom. This week, Sterling pivoted at the point where wave 'B' could be a false break down. This pattern we're favoring is the expanded flat pattern that began on March 18 2015. Wave A is a double (flat-x-zigzag) that terminated on June 17, 2015. Wave B as labeled is a triple (flat-x-zigzag-flat) that appears to have terminated on Jan 21. That suggests wave C would subdivide as 5 waves higher towards 1.54 and possibly 1.60. This is the favored count, but not the only count. There are other possibilities so don't mistaken this to believe prices ONLY have to go higher, because they don't. If prices fall below this week's low, we'll reconsider the counts/patterns. A meaningful move above 1.45 would punch through significant resistance that could be symptomatic of the bullish undertones. We touched on these bullish undertones for Sterling in yesterday's GBP/JPY post. So this appears to be somewhat broad based at least in the shorter term. Longer term, we are looking for Sterling to be much weaker. In the chart above, note how SSI was shrinking as the pair was falling out of bed in January. This shift in sentiment during a strong trend is another symptom of prices searching for a bottom. I would encourage you to check out the live SSI feed so you can keep an eye on shifting sentiment. Lastly, the equity market sell off has market expectations for future rate hikes on the skids. This was a big risk coming into 2016 that DailyFX highlighted in their Q1 2016 US Dollar forecast. Check it out here Happy Trading!
Long
by JWagnerFXTrader
7
Long AUDNZD: Possible Triangle Completion, Cypher to Enter LongAUDNZD has completed the "e" leg of an expanding triangle in a complex triple three correction. Triangles commonly mark the end of a three wave reactionary wave and thus an upcoming bullish move may be impending. A possible cypher will make for an optimal entry long. In the case of the triangle continuing to 2 or 4 additional three wave moves off of the barriers, target one will be taken near the top of the triangle. If price indicates impulsive action through the top of the triangle, the pair is likely to complete the (c) wave on one higher degree. T2 is placed at the peak of (a). SL is placed below Cypher X point, with entry at .786XA. If cypher entry is not triggered, entry will be taken on the break of the trendline.
Long
by glennmercer
2