How to identify the Three Drives pattern? The three drives harmonic pattern is identified by various three higher highs or lower lows. They gather in a reversal of the existing trend. Every move lower or higher is quantified by using the Fibonacci extension and retracement levels of 61.8 and 127.2 percent. In some instances, the definition of the 3-drive...
Hello traders, here is my simple market vision - Upper you see new Bearish Orderblocks (beOB) formed during last two days - Lower we see rebound from old Bullish Order block (buOB) - Formed new one buOB today - Sperandeo TrendLine broken - The price was in lower part, not far from liquidation support . Liquidation Levels I'm building at 00-00, like a plan on this...
Looking at Timeframes of Prev Market Cycles we seem to following the old adage "Fred Savage" , You may have thought I was going to say something about History Repeating itself based on the almost mirror image of Market Cycles, but When I said "Savage" , I'm starting to hear the screams and see the carnage. I've been trying to figure out why upon that weekly...
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CAPITALCOM:US100 is entering the last stages of this rally which could top out around 18600 -18800 depending on the patterns that show up. I'm currently chasing the 3 Drive ABCD Pattern into the major level of 18800. We had a nice smaller TF ABCD overnight and are moving up from that. Looking for more upside today.
watching #BTC here for a scalp long, risky tbh i really dont like it on daily & weekly chart
BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. A few hours ago, before I left the Bitcoin analysis chart. I drew two bullish and bearish scenarios for Bitcoin. Despite being late for a valid entry, I still think Bitcoin will go near the $75,000 level before the price correction. However, in the current situation, Bitcoin should not go back below...
price pushed up to clear external liquidity for the opening of london session, will be looking to short to have price come back to internal liquidity of the 4hr FVG
Technical analysis PYTH looks absolutely strong! This coin is listed on all major exchanges and is pretty easy to buy. Why do I think this coin is bullish? We can see that the price is going up after the listing on exchanges, which is a strong sign of interest. It will hit a new all-time high pretty soon, and after that, it can skyrocket. The accumulation phase...
Mask is ready to start an incredible uptrend; at least, this is what my analysis suggests. We can see that the downtrend ended with the descending parallel channel, and now the whales are accumulating contracts in this rectangle pattern. You can either wait for a breakout or buy a small correction. 471% profit is the minimum you want, but I believe we are going to...
A bullish idea after a nice three drives move and after a ''fail to break'' the lower low , showing strength for a move upwards
BTC failed to cross 53k level again & again. Due to weekend & end of the february month, we expect a major drop up to 44k level.
Notice the area of Resistance. Also, the price already moved a few times in equal measured moves. Also, price is at the 200 EMA of the 4-hour chart. That might be an area for an excellent risk-to-reward trade, although at the moment looks like the price is making higher highs and higher lows. We might wait for the price to do a fake-out move down on maybe the...
What is Bank Nifty and How Does It Work? Bank Nifty is an index that tracks the performance of banking stocks listed on the NSE. It provides insights into the overall …
Western Texas Intermediate, the US crude oil benchmark, is trading around $77.50 on Friday. WTI prices edge higher after the weaker-than-expected US Retail Sales data raise hope that the Federal Reserve will soon start cutting interest rates in coming months. WTI rebounds to $77.50 amid US dollar weakness, geopolitical risks R3 West Texas Intermediate (WTI)...
Possible targets if this plays out. Everyone and their mama saw the IHS playing out today. Earnings gap is almost filled. Perfect 1.27 fibs on the bullish 3 drives pattern. Expect some swings on the way up, it may take some time. .5 Fib from high of 1st drive down to bottom of 3rd drive has been a historically difficult level. Invalidated if we drop below 175...
The BTC.D chart is very important to watch on the crypto market. It can predict an alt season or bitcoin season. Right now, I am expecting a bearish pullback to the rectangular formation and, after that, a bounce. If the price falls inside the rectangle, I become very bearish on the BTC.D chart. The price is currently below the main trendline, which is of course a...
OP Token (OP) is currently trading near the upper boundary of an accumulation range, signaling a potential bullish breakout. The repeated bounce off the lower levels, combined with three instances of retesting and reactions from the 0.5 Fibonacci level, presents a compelling technical scenario. 🔄 Accumulation Range Breakout: The fact that OP is trading near the...