First Three Drives Completed.Second Drive is CompletingIt belongs to the family of harmonic patterns and thus makes use of not just chart patterns but also technical retracement levels to validate the pattern. A three-drive pattern that does not meet the retracement criteria can be discarded.
SPX probably will decline to 0.78 Fibo Level.
This idea is a New Update of my confirmed Idea.
Three Drives
XRP INCEPTION!!Okay, this idea is a little crazy but XRP is in a much deeper game than the deep game I assumed we were in! It's a Massive Falling Wedge, within a Three Drives Pattern, within a smaller Falling Wedge, within a smaller Three Drives Pattern. Prepare for short liquidations to $0.35. Take my idea with a grain of salt. Good luck out there. Margin traders, you'll need it the most.
If you like this idea, good for you!
--> I've listed my previous posts supporting this idea. Follow me, i'm VincentX {Inserts_derogatory_female_canine_word}!