Societe General Triple Cycle Provides Buy Opportunity

Societe General Triple Cycle Provides Buy Opportunity

Hi Traders! Societe General triple cycle provides buy opportunity for us. A detailed analysis of this setup is as follows:

Societe General H4 Chart:

On the H4 chart the price has created triple wave up and it looks like this triple cycle has completed itself now. We have a bearish divergence that has formed which we may consider as a confirmation for the bearish momentum, this bearish momentum is expected to be the correction. We may now expect the price to move lower until it reaches the zone of 38.2% – 50% fibo retrace levels of this entire triple cycle. This correction might happen in the form of double wave down, so once the price reaches this zone look for the breakout of the most recent downtrend line and then join the bulls.

Societe General Triple Cycle Provides Buy Opportunity


Note: If you are not sure about how to trade this setup then you can use any setup and strategy that you have in your arsenal to look for bullish moves and join this buy trade.


If you want to learn how to do such analysis yourself, if you are looking for a professional team of traders and one of the best online trading communities, If you are looking for enormous archive of Webinars, Trading Tools, Trading Strategies, Books, Indicators, Expert Advisors and much much more, join my traders academy club for only $97 PER YEAR.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here


Yours to your success

Vladimir Ribakov




Please enter your comment!
Please enter your name here

We respect your privacy and take protecting it very seriously.