Three Drives

The Three Drives pattern was originally outlined by Robert Prechter. It is not used often in trading, because it is rare to spot and far less common than other harmonic patterns. It consists of symmetrical price movements with identical Fibonacci projections in a 5-wave structure. The Three Drives pattern is defined by three distinct, consecutive and symmetrical drives to a top or bottom where each drive completes at 1.13, 1.27 or 1.618. Symmetry in both price and time is critical. It is important not to force the pattern on the chart. If it is not really there, the best decision would be not to trade it.

A reversal is likely to happen at the completion of the third drive. Conservative traders look for additional confirmation that price is reversing. Targets can be set at the discretion of the trader but normally extend beyond the last retracement. If the pattern fails, this could point to a strong continuation in the previously dominant direction. The Three Drives pattern can be either bullish or bearish. TradingView has a smart drawing tool that allows users to visually identify this price pattern on a chart.
SignalSwiss SignalSwiss TOP CADJPY, 240, Short ,
CADJPY: [CADJPY] 3D PATTERN IN DEVELOPMENT ?
869 8 45
CADJPY, 240 Short
[CADJPY] 3D PATTERN IN DEVELOPMENT ?

...we'll see! Follow this trading idea, step by step with us! Thank you for your support and trade with care!

Moneytome Moneytome XRPBTC, W,
XRPBTC: Leap
169 1 5
XRPBTC, W
Leap

Three drives

Moneytome Moneytome ETCBTC, W, Short ,
ETCBTC: Over
107 0 6
ETCBTC, W Short
Over

Three drives

WadeYendall WadeYendall PRO GBPUSD, 240, Short ,
GBPUSD: GBPUSD Three Drives
41 2 5
GBPUSD, 240 Short
GBPUSD Three Drives

With the recent break and close below the most recent swing low it looks as if GBPUSD -0.01% will make one more push down at least. I am currently short and may add to my position on a pull back .

Moneytome Moneytome ETHXBT, W,
ETHXBT: Leap
27 0 4
ETHXBT, W
Leap

Three drives

LewisGlasgow LewisGlasgow TOP BTCUSD, 240, Long ,
BTCUSD: Bitcoin - Three Drives
6832 27 100
BTCUSD, 240 Long
Bitcoin - Three Drives

Hello traders, due to numerous requests for the future direction of Bitcoin here is my current view for BTC/USD on the 4h chart. I'm expecting a similar move to the one we experienced 2 months ago (chart is shown below). https://www.tradingview.com/chart/BTCUSD/1Ei0UKFx-BTC-USD-Three-Drives/ The prediction above was used as an indication of future price ...

wolfstreetswinger wolfstreetswinger AAOI, D, Long ,
AAOI: aaoi - three drives
40 1 4
AAOI, D Long
aaoi - three drives

opened long postion at 50%fib looking for one more up with three drives possibility of dip to 61.8 retrace

bhowe bhowe USOIL, D, Long ,
USOIL: USOIL trade idea.....
307 2 8
USOIL, D Long
USOIL trade idea.....

Going long on USOIL by using GUSH. USOIL just completed a 3 drive to a bottom pattern. We can expect a turn here. Panic selling this morning is tough to go long into but the rewards should be there. Set a stop just below $43.

Technician Technician TOP USOIL, 240, Long ,
USOIL: WTI Oil: Three Drives!
2739 21 84
USOIL, 240 Long
WTI Oil: Three Drives!

Bullish three drives pattern completes at the 78.6 retracement level for the overall bullish wave. Meanwhile, the price trades at the descending support for the latest bearish wave. Aggressive traders may take this trade without confirmation. But i prefer to wait for a final confirmation. Remember -Never risk more than 2% of your balance on a single trade. And ...

Trading_Jazz Trading_Jazz PRO BTCUSD, 240,
BTCUSD: (4h) Addicted at 618 // Eventual 3Drives Pattern
1144 3 34
BTCUSD, 240
(4h) Addicted at 618 // Eventual 3Drives Pattern

BITSTAMP:BTCUSD https://www.tradingview.com/chart/EURUSD/T3D391Dj-The-Three-Drives-Pattern-Educational/ Safe Trades;

bagofXMR bagofXMR BELABTC, D, Long ,
BELABTC: BELA long setup + upcoming positive events
693 7 14
BELABTC, D Long
BELA long setup + upcoming positive events

After my last successful venture in low-cap coins (Peercoin, you can see the idea in related ideas) i'm now into a new low-cap coin (~4.5M usd). This time is BelaCoin. Belacoin is a project announced in late january 2014. It is a litecoin fork with Scrypt mining algorithm. But Belacoin tries to do something different to most of other cryptocurrencies, and has ...

SignalSwiss SignalSwiss TOP NZDUSD, 240, Short ,
NZDUSD: [NZDUSD] 3D PATTERN IN DEVELOPMENT
1710 8 71
NZDUSD, 240 Short
[NZDUSD] 3D PATTERN IN DEVELOPMENT

Thank you for your support and trade with care!

LewisGlasgow LewisGlasgow TOP STRBTC, 60, Long ,
STRBTC: Stellar - Pressure is Building
10833 91 127
STRBTC, 60 Long
Stellar - Pressure is Building

Hello traders, following up from my price structure post for STR/BTC (chart is shown below), I have now spotted a bearish three drives pattern indicating a move up to 3670. https://www.tradingview.com/chart/STRBTC/Ei6WtiOD-Stellar-Where-Have-We-Seen-This-Before/ Price completed the 2nd price drive at 1.56 and we're now in the middle of the 3rd price drive which ...

Trading_Jazz Trading_Jazz PRO EURUSD, 15,
EURUSD: The Three Drives Pattern // Educational ®
1746 7 52
EURUSD, 15
The Three Drives Pattern // Educational ®

The Three Drives Pattern by Larry Pesavento and Leslie Joufla. Check other published charts... https://www.tradingview.com/chart/EURUSD/F0b1KgNr-The-Butterfly-Pattern-Educational/ https://www.tradingview.com/chart/EURUSD/gUOApG6g-AB-CD-Gartley-Patterns-Educational/ Safe Trades; https://open.spotify.com/track/4qhebnBezKWqbDxYhOLY83

_TM3K_ _TM3K_ PRO BTCUSD, 120, Long ,
BTCUSD: btc long 3 drives and inverted head and shoulders BUY
284 2 6
BTCUSD, 120 Long
btc long 3 drives and inverted head and shoulders BUY

100x or die

Heithvald Heithvald BTCUSD, D, Short ,
BTCUSD: BTC/USD The big question.
210 0 5
BTCUSD, D Short
BTC/USD The big question.

I dont know whats happening. Day chart RSI and price are showing bearish divergence! Lows are higher in price, lows are lower in RSI. Where can we go now? Probably down... Can BTC finish three drives pattern? probably yes..

Fx-Nature Fx-Nature USDJPY, D, Long ,
USDJPY: USDJPY - Potential 3-Drive pattern
97 0 4
USDJPY, D Long
USDJPY - Potential 3-Drive pattern

Overall I am still bearish on this pair, however we have potential rebound 3-Drive pattern in development. Technicals: - 1D 3-Drive pattern - Very strong SR zone I am expecting market's rebound around 108,00-108,20. TP1: 109,30 TP2: 109,75 Trade responsibly.

SignalSwiss SignalSwiss TOP EURUSD, 60, Short ,
EURUSD: [EURUSD] SIMPLE SETUP IN DEVELOPMENT (3D)
5920 21 148
EURUSD, 60 Short
[EURUSD] SIMPLE SETUP IN DEVELOPMENT (3D)

Same strategy published earlier (see chart below), we go looking for a SELL OPPORTUNITY on the second bearish leg. Here, we see a potential bearish 3D PATTERN in development, but the risk of trading it, is very high, so we look forward to seeing the completion of the first bearish leg (if it will happen), before take short position on the second Leg. The trend is ...

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