There is a Potential 3 Falling Peaks Pattern getting ready to be confirmed when it cracks through the Confirmation Line, which happens to be around the 0.618 Fibonacci retrace. Upon breaking down the 0.618, I think it will just come straight down to the 100% retrace at around 11 cents.
We have a huge Void below us and the Yuan has Rallied away from this Void before, but it appears to now be making a Lower High with Hidden Bearish Divergence on Both the RSI and MACD; If the Yuan Breaks Below the B point of this Potential Crab BAMM which also happens to be The Confirmation Line of what would then also be a 3 Falling Peaks Pattern, we will very...
We have 3 Falling Peaks Confirming with Hidden Bearish Divergence leading to a Trendline, if We Close Below the 800 Week EMA and below Trend I think VIX heads towards $10
Dude I'm on my 75th Ray Daleo video and I still can't pronounce the old dutch curreny name but I know a bull trap when I see it! Stress Test immediately! Stagflation and bugs for dinner!
BTC is trading within a Harmonic Range today and while the Bearish Shark did perform well last night, ultimately price has come back up and created a Bearish Bat at the VAH while showing Bearish Divergence on Volatility. As the 89SMA approaches i'd want to see BTC come down towards and break the confirmation line to begin a move down to $16,500-$15,000 to complete...
The US Dollar Currency Index is showing a Potential 3 Falling Peaks Pattern on the 4 hour and is showing signs of Hidden Bearish Divergence on the MACD; If it breaks below the Previous Low represented by the orange horizontal line on the chart and doesn't make a higher high then it's target will be the .886 retrace below between the areas of 95 and 94.
The Gold Miners don't look like they are setting up to have a very good time as they have made Three Consecutive Lower Highs and have penetrated the line of support it's been holding. Just from looking at this pattern and how we are trading in between the 55 and 200 week Moving Averages and Preparing a Weekly Death Cross it would seem that it is setting up for a...
Pretty cut and dry explination. Clearly a three falling peaks pattern with bearish div (4hr) on both MacD and RSI. I got in way higher but even at current prices it's not a bad entry to grab some puts, adjust accordingly ofc. Good luck and if you agree or disagree leave a comment, all criticism is good criticism!
I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 84%
TARGET (EXIT) PRICE = 3.84 USD
BREAKOUT (ENTRY) PRICE = 6.60 USD
DISTANCE TO TARGET PRICE = 39.95%
EMERGED ON = Aug 19, 12:00 PM (EDT)
CONFIRMED ON = Sep 03, 01:03 PM (EDT)
WITH CONFIDENCE LEVEL = 98%
The Three Falling Peaks pattern forms when three minor...
I wanted to create a Wyckoff and Elliott wave based description of the current correction that has been lasting nearly 3 months now.
During the beginning of the correction we have seen a Three Falling Peaks pattern which created a strong supply line.
Three falling peaks acts as a reversal at the end of an uptrend.
The strong supply line created by the 3FP's has...
