Watch out for 3 drives pattern

16 oct.

With the last two retracements to the 0.618 and a perfect touch of the 0.272, we currently have an ideal setup for a potential three drives pattern.

If it hits the final 0.272, it will coincide with ES1! reaching new all-time highs before reversing for a possible 150-point drop.

Let's see how it evolves.

17 oct.

Ordre annulé

This trade was invalidated as the price broker the previous two 0.618 and therefore 3 drives pattern not in play any longer.