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Triplecombination

IAG (International Consolidated Airlines) - Another correction? Hello traders and investors, Today we are looking at the IAG chart (International Consolidated Airlines Group) , one of my favourite charts after the big US cap company. As we know, the airline industry (and hospitality sector) is one the most affected by COVID19 with a low passenger volume. After the first spike of enthusiasm and optimism (around March 2021) we are still in a prolonged correction. This can be either a 1-2 or A-B at primary degree . At this stage, we don't really care which one it will be, If we look at the primary B (purple) this seems to be composed of a triple combination WXYXZ. The first part of this triple three looks like a flag-triangle-zigzag , and we are waiting for the second X. This can be in any shape but as of now it is an expanded flat 3-3-5. In the 4h timeframe , this is a "buy opportunity" followed by a "sell opportunity". If this will be the case, the Z completion of the primary B will be the "buy the dip - HODL position".
LSE:IAGLong
by Dry-Storm
13
Bitcoin Launch Pad moving into place at ~$5400?Looks like Bitcoin is preparing to make its final drop to $5400 which is the 78.6% retracement from $3k to $14000 setting up a nice launch pad to send us to new all time highs! We could break through the channel with force or maybe see slight resistance dragging us along $5500ish but as soon as we break the channel after bouncing from $5400 we will see the new impulse send us to the moon! This image actually turned out right. Not sure why main image shifted
COINBASE:BTCUSDLong
by KondrackiKarl
AUDUSD complex correction (triple combination)price acts as corrective structure and looks like a double combination or triple combination. still there is no trade setup, we have to wait to see a clear structure. There are 2 different labelings, blue one is WXY correction ending with an ending diagonal ( red numbers refer to blue scenario and ending diagonal) and green one is WXYXZ which is not finished yet; if the blue one is correct and wave Y is an ending diagonal, price have to move upside to the beginning of the ending diagonal at the same time of forming ending diagonal. Note the divergence
by ard3413