Threefallingpeaks
OCEANUSD: Potential 3 Falling PeaksThere 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.
Chinese Yuan Price Action Setting Up For a Potential CollapseWe 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 likely then see Downwards Acceleration Towards the 1.618 Fibonacci Extension Below to Complete the Harmonic Pattern
3 Falling Peaks on the S&P Volatility IndexWe 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
S&P 500 3 falling peaks! Get out! 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!
Bitcoin: 3 Falling Peaks In Harmonic RangeBTC 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 bearish wave down and start fresh on the new week.
DXY: Potential 3 Falling Peaks with Hidden Bearish DivergenceThe 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.
Three Falling Peaks On The Gold Miners ETFThe 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 +40% Decline in the near future so long as it continues to make Lower Highs.
Three falling peaks pattern with bearish DivPretty 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!
VRNA Three Falling Peaks (bearish)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 Highs (1, 3, 5) arrange along a downward-sloping trend line.
This pattern often emerges at the end of a rising trend, when a security slowly rolls over. It potentially indicates sellers moving in to replace buyers, which pushes the price lower.
Trade idea
If the price breaks out from the bottom pattern boundary, day traders and swing traders should trade with the DOWN trend. Consider selling the security short or buying a put option at the downward breakout price level. To identify an exit, compute the target price by subtracting the pattern’s height (maximum price minus minimum price within the pattern) from the breakout level the lowest low. When trading, wait for the confirmation move, which is when the price moves below the breakout level.
To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to buy back a short position or sell a put option at or above the breakout price.
Bitcoin Elliott Wave estimate. Support at $8200?Current estimate
Image below shows Fibonacci pivot points
Bitcoin - Wyckoff and Elliott description of current correctionI 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 eventually pushed the price below the ice in phase D.
If bulls can not regain price above the ice then we might fall deeper into the river.
Currently Bitcoin has corrected down to the fourth wave of one lesser degree.
This could be creating a Spring opportunity as a potential end of a WXY.
It would seem the correction started with a Flat (3-3-5) leading into a "Any Three ABC" followed by what I assume is a Zig Zag pattern.
Many didnt believe the first ABC to be a flat because the B leg didnt retrace 90% of the A leg.
A break back above $9350 signals a good Long position
Falling below $7500 would give a good Short position.
Current sentiment is cautious.
Phase E should begin soon to reveal if the correction is over or if distribution continues.
XMR 3% ScalpJust messing around with patterns
3 descending peaks, sell on breakout of neckline
NO TRADING ADVICE
