Wiiso

Possible Bullish Three-Drive Harmonic Pattern

Long
FX:GBPJPY   British Pound / Japanese Yen
Hi everybody this is an example of a possible bullish three drive harmonic pattern . I want to take advantage of what could be an awesome example of the three drive and share with all of you the rules of this specific pattern. Point A should be the 61.8% Fibonacci retracement of drive 1. Similarly, point B should be the 0.618 retracement of drive 2. Drive 2 should be the 1.272 extension of correction A and drive 3 should be the 1.272 extension of correction B. This example meets all the requirements.

Wiiso
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