GBPNZD Double Bottom & a Three Drive?
SELL GBPUSD : Three Drivers + Previous Supports + Parallel Channel Resistance (4h Short Term)
A couple of observations: 1 The 1.618 extension with a prior 6.18 retracement seems to have slowed down the pair from moving higher. 2 A daily AB=CD pattern / 3 drives pattern have completed. 3 The pair recently broke out of ascending triangle on the 4H chart. 4 The Bollinger band shows extreme price movements on the 4H chart. Looking for an entry setup with at...
Perfect Bearish Three Drive Pattern Complete at Resistance Level
3 drives pattern in $EURCAD scores 80 pips as it hits first target level. www.themarketzone.net Join the Elite Zone
#MA #MASTERCARD possible short idea (Cypher Pattern) must wait for confirmation like double top be mindful of wedge pattern possible 3drives pattern too Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
#BABA #ALIBABA Possible Long Idea Harminics 3 Drive Pattern Re-Test of previous structure RSI Bullish divergence and oversold Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks
The Three Drives Pattern began to form with Higher Highs. At point 3 on top is the reversal.
USDCAD has been bullish and it might be time for a retracement. I think I see a 3 drives pattern completing in the 1.2480-ish area, so that's where I'll go short with a TP @ 1.2310-ish area. If you're trading multiple contracts 1.2205-ish might make a nice TP 2.
I am trying this pattern for the first time and trying to catch the very last leg of this pattern. This last leg is also matching with the potential harmonic ABCD pattern. expected target date 12-13 th of feb 2015
Targets 0.382 and 0.618 of CD, stop loss under 1.0523 ! This is a countertrend trade, make sure it fits your trading plan.
is this consistent with 3 drive? each drive seems longer than the earlier one. my first chart, please do not follow my trade.
Bullish Butterfly and 3 drives pattern aligning for long on EUR/JPY 4H
After analysing this EUR/USD monthly chart it came to mind that we might be making a 'Three Drivers Pattern' with ABCDE waves inside of a triangle. We can see that Wave A and C came to 0.95, so if we do the same on wave C and E to get 0.95 too it came to 1.2140. I will just keep on side line to see if we get a nice reaction from this level.
NO longer a valid pattern!!!! It all comes together. I see a 3 drive to a bottom lining up for nice Wolfe wave run and a 5th Elliott wave down ending a little tiny bit lower into the middle of the trend channel. I'm bullish the cross. Safe trading ladies and gents! @BLawrenceM
Not a huge 4 to 1 ot 3 to 1 Risk profile , But Beautiful setup as anyone would like to have if He/She is a trend Continuation Trader .