3 Drive Pattern Just Above The Big Figure ???
I was closely studying traderWgun EW count,
***See link in related ideas***
(he understands complex corrections very well !)
when I noticed this 3 Drive completing in the same area.
{{3 drives are everywhere this week. Does it mean
something for the markets ?}} I digress ~~~~~
The 3rd 1.272 entry is right about current price @ .8040 or so,
but, I'm thinking that the "Big Figure" .8000 will be to much of a
magnet to ignore. Thus, the lower entry - even the magnet of the
.786 retracement might prove very strong, so, I'll be watching the
candlesticks on this and lower time frames for some sort of entry
trigger with the lowest risk possible. I'm in no hurry and if I miss
the bottom and this really is the bottom we should see an obvious
5 waves up - on the lower time frames - which will yield a clean entry
on a 3 wave correction.
Additionally, this could be a profit potential of 6 figures as 3 drive
patterns commonly retrace all of the previous 3 drives.
Fingers crossed ~~~~~~~ Patience shall be a virtue !
***See link in related ideas***
(he understands complex corrections very well !)
when I noticed this 3 Drive completing in the same area.
{{3 drives are everywhere this week. Does it mean
something for the markets ?}} I digress ~~~~~
The 3rd 1.272 entry is right about current price @ .8040 or so,
but, I'm thinking that the "Big Figure" .8000 will be to much of a
magnet to ignore. Thus, the lower entry - even the magnet of the
.786 retracement might prove very strong, so, I'll be watching the
candlesticks on this and lower time frames for some sort of entry
trigger with the lowest risk possible. I'm in no hurry and if I miss
the bottom and this really is the bottom we should see an obvious
5 waves up - on the lower time frames - which will yield a clean entry
on a 3 wave correction.
Additionally, this could be a profit potential of 6 figures as 3 drive
patterns commonly retrace all of the previous 3 drives.
Fingers crossed ~~~~~~~ Patience shall be a virtue !
