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slrocheleau
Apr 2, 2018 4:31 AM

Perfect 3 drives> Trade still active > May DB for a Re Entry Long

Australian Dollar/U.S. DollarFXCM

Description

the critical aspect of this pattern that each drive complete precisely at consecutive harmonic ratios - either a 1.13, 1.27 or a 1.618. Also, the price legs should possess clear symmetry with each drive forming over equivalent time periods.

the bullish three drives pattern offers a potential reversal point for a bearish market after forming three consecutive bottoms.

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