Weekly & Daily Analysis: Looking at the Weekly and Daily timeframes, you can see that the market has reached a Weekly FVG (Fair Value Gap). Additionally, it is evident that the price has reached the 50% level of the Daily RB (Reclaim Block).
1H Analysis: On the 1H timeframe, the market has provided an MSS (Market Structure Shift) and reached the QM Level (Quasimodo Level). It is currently showing a Sell Momentum.
Trade Opportunity: There is a chance to catch a good Sell Trade based on the Lower Time Frame confirmations forming here.
A Double Three Combination consists of two simple corrective patterns separated by a single corrective pattern moving in the opposite direction—this connecting wave is labeled as Wave X.
The possible combinations of simple corrective patterns within a Double Three include:
Single Zigzag + Flat
Flat + Single Zigzag
Flat + Flat
Single Zigzag + Triangle
Flat + Triangle
The Wave X in a combination always appears in the form of a Zigzag or a Flat.
Wave X must retrace at least 90% of Wave W.
In a Double Three combination, only one of the waves (W or Y) can appear as a single Zigzag.
Where the Combination Can Appear
Within Wave B of a single Zigzag.
Within Wave X of a multiple Zigzag.
Within Wave A of a Flat.
Within Wave 2 or Wave 4 of an Impulse.
Specific Rules
If a Triangle appears at the Y position of the combination, the first subwave (a) of that Triangle is prohibited from moving beyond the price level where Wave X started.