Tel Aviv Stock Exchange: 3 Falling Peaks into a 3 Line StrikeBeyond just the implications of the war, the technical setup on the Tel Aviv Stock Exchange looks very Bearish as if it's ready to collapse to new lows, as it has confirmed 3 Falling Peaks and will confirm a 3 Line Strike on the Monthly Timeframe in just 14 hours.
I expect that the exchange and all 15 of its Foreign and Domestic owners will be negatively affected in the process. Which mostly consist of Israeli Banks and Holdings Companies but also consist of Foreign banks such as UBS, BCS, HSBC, Citigroup, and Merrill Lynch International, which is owned by Bank of America, to name a few.
Threelinestrike
ARUSD: Bearish 3 Line Strike and a Close Above the 0.786 RetraceArweave today has simultaneously closed above the 0.786 retrace and has taken out the last 3-4 Days of Bearish Price Action on the Daily Timeframe.
We may also be at the PCZ of some sort of Deep Cypher Pattern; it can't be a Shark because the 1.618 Extension is nowhere near being reached so i think it's a Deep Cypher.
Dogechain 3 Line Strike Bullish FractalDogechain appears to be acting similarly to how it did before the first pump as it's formed a Bearish 3 Line Strike Pattern, Broken out of a Parallel Channel, and now it it stands to make a higher low on the Macro and go for an ABCD movement to the upside which would take it to the 1.618 Fibonacci Extension above.
OXY: 3 Line Strike If The Week Closes Like ThisWe have 2 instances of MACD Bearish Divergence along with some RSI Divergence and a potential for there week to confirm a Bullish 3 Line Strike if the weekly can close below the last 3 bullish candle bodies. Based off of this i think Occidental Petroleum will be coming back down to $35.00
EURO/GBP: 3 Line Strike on the WeeklyWe have a confirmed Bullish 3 Line Strike on the Weekly as seen below as well as an Unconfirmed Bearish Engulfing on the Monthly i believe the Confirmed Weekly Bearish Pattern has given us a Potential Entry to try to catch the Monthly BAMM Move a bit early and if it plays out we will see the bottom of the overall range again which is near the .886 retrace.
EURHUF: Monthly Bearish Divergence 3 Line Strike Double Top This seems like it's set up to give us a Deep Retrace in the Coming Months; For 3 months It tried to make a Higher High and it succeeded only to be Bearishly Rejected by one big Bearish Monthly Candle afterwards.
Upon making this higher high you showed huge amounts of Bearish Divergence on the RSI and you printed a Bullish 3 Line Strike Pattern. Due to this i can only assume we will see much lower prices from here.
Bullish 3 Line Strike at PCZ of Bearish ABCD on the Daily TFWe have Bearish Divergence on both the MACD and RSI. I previously pointed out this ABCD on a different chart but today we got one of the most Bearish Daily Candlestick Pattern Confirmations that we could ask for at these levels and it is in the form of a Bullish 3 Line Strike and are Diverging on Both indicators.
I will have stops above the terminal bar's high and will add to the shorts if it makes a retrace towards the highs again and i will target the C level at around $50 for profit taking.
Bearish Three-Line Strike Candle Pattern: Bullish reversalSource & Credit: thepatternsite "My testing of the bearish three-line strike candlestick pattern shows that it acts as a bullish reversal 84% of the time instead of the bearish continuation that candle theory suggests. Unfortunately, with a frequency rank of 94, it will be difficult to find. The overall performance rank is 1, the best out of 103 candle patterns. The 8.81% average drop in a bull market is well above the 6% that I consider good. That performance also ranks first, but price only meets the target 80% of the time. The price target is the height of the candle projected upward or downward from the top or bottom of the candle pattern, respectively. Tall candle patterns have a more difficult time meeting targets than do short patterns."
So, wait to break and close above 2,040 and a possible target of 2,340.
Take care.
TRIG three line strike combined with 38.20% Fibo I decided to add something from me for this pair. I checked other ideas and seems like everyone is pretty positive about it.
I marked with yellowish rectangle very important candlestick pattern. It is called three line strike and it has very high accuracy rate something like 84%.
Combined with 38.20% fibo it makes quite solid support.
I would wait a little bit to enter when 200 EMA will give a nice push and move it higher.
I would look close to 0.0010000 as the profit area.