Figured it out! Three drives bullish pattern

20 thg 2, 2020

Please overlook the mess and focus on the purple and where the purple lines bounce off. Just updating my TA. We are witnessing a bullish three drives pattern {SHORT TERM} and a falling wedge {Long term}. This is deeper than i had thoght but, the bullish three drives pattern wasn't so obvious. I still stand firmly by my bearish short term play to sub $0.20.

Here is why I say it is a Bullish Three Drives Pattern:

Wave 1: First wave is a normal bearish wave.

Wave 2: Followed by first correction wave C1 (doesn’t exceed wave 1).

Wave 3: There is another bearish wave that extends beyond the first bearish wave low, and extends beyond the low of wave 1, of C1.


Wave 4: There is a second corrective wave C2. (does not exceed 2nd bearish wave).

Wave 5 (The start of the wave we're going to face): The most important wave is the third bearish wave, which extends beyond the second bearish wave low. Expect a bounce around $0.20.

If you like this idea, drop a thumbs up or a follow, or both :)

Goodluck!