SkyRock Signals

​​#Analysis

#BCHABC

At the 3-hours timeframe chart it can be seen that a recently formed flag contains Bullish Three drives pattern. The three-drive pattern is a lot like the ABCD pattern except that it has three legs (now known as drives) and two corrections or retracements (they can be seen in the beginning and in the end of the pattern) In fact, this three-drive pattern is the ancestor of the Elliott Wave pattern. As usual, you’ll need your hawk eyes, the Fibonacci tool, and a smidge of patience on this one. To make your life easier we draw it for you 🙂 Coming back to the analysis. After consolidation to the middle of Ichimoku clouds zone the price started Impulse wave movement and as usual when 2-3 move lies at the edge of the Flag there should be impulsive breakthrough. Indicators are neutral, however at the short term timeframe they are bullish . Ichi clouds zone acts like a strong support Special SALE and Coupon offer has started. We wish you a Merry Christmas and a Happy New Year. Best wishes, SkyRock Signals