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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.
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USDMXN, 240 Long


498 2 12
Bitcoin's Harmonic Journey

Bearish 5 Drives megastructure leading into a Bullish 5 drives up to 8500 to which will fulfill the overall Bearish 5 Drives w a target at around 5.5k. Upon completion of 5.5k retracement OR sideways trending on a strong demand zone, Bitcoin's harmonic may become a Bullish Deep Crab to which will have a target of $10k+. I've been bullish about bitcoin and I'm ...

yitiancai yitiancai EURNZD, 240, Short ,
207 1 3
EURNZD, 240 Short
harmonic pattern---short eurnzd

hello, let's look at it there is a bat pattern with prz near 1.7450 also a three-drive pattern near 1.7450 target at 1.73607 good luck

9hobi4 9hobi4 USDJPY, 60, Short ,
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USDJPY, 60 Short
USDJPY Bearish 3 drive

Potential Bearish 3 drive forming on USDJPY 1hr chart

amiraliir amiraliir ontBTC, 240, Short ,
295 0 4
ontBTC, 240 Short
ONTBTC Breakout

So bullish , gonna go to the moon!!! some good news for 17th sep and funda

behzad.cfx behzad.cfx USDJPY, 1D, Long ,
43 0 2
Watch out

Maybe Elliott Wave...!

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QMV2018, 1D
Light Crude Three Drives

October Light Crude looking like it wants to build out a three drives scenario. Next target for bears is moving through pivot at 68.100 and attacking the 20 day MA. RSI is staying within a pennant pattern. Crude could use pivot to launch up again. If it does it could then collapse at R1 at 70.600

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AUDUSD, 240 Short
AUDUSD - Three Dives Takes Aussie Down with Copper

AUDUSD is about to complete or probably has completed a three dives pattern right under 618. Taking a look at copper, the price of copper has also made a significant retracement and reversal sign is forming at an important supply zone, thus copper is likely to fall soon. The dollar though has been on the rise since last week, it is most likely a part of a major ...

coinkilavuz coinkilavuz BTCUSD, 1D, Long ,
403 0 10

As long as the 5800 support level is not broken down, it can break up the 8500 level and target 10800 levels.

jamil.ajaj jamil.ajaj USDCAD, 240, Long ,
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USDCAD, 240 Long

BUY USDCAD BETWEEN 1.3024-1.3070 SL: 50 PIPS TP1: 1.3150 TP2: 1.3250 FX:USDCAD

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CAD is headed to 1.2900

The release of the Canadian monthly CPI* was sufficient motivation for the price to bounce off the resistance line on the 17th of August. Seeing that happen might determine traders to buy the CAD until the pair reaches the lower limit of the channel. The target is 1.2900 which is the whereabouts of MS1 (1.2890) and the extremity of a three-drives pattern (4h ...

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We have a corrective pattern in this pair, which is forming a pattern of three units, so it is possible that the price rise to 1.57000 and retest these areas and then go downhttps://www.tradingview.com/x/iydYteOa/https://www.tradingview.com/x/i03p8PNt/https://www.tradingview.com/x/aweyvTj2/

isaacgudino isaacgudino USDCAD, 240, Long ,
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USDCAD, 240 Long
USDCAD sell idea

We are operating the last wave of this three-drive pattern, it would be our last operation in this bearish movement

isaacgudino isaacgudino GBPJPY, 1D, Long ,
111 0 2

Possible three drive patern in this pair, and it´s confirmed by a shark patern in H4

337 2 2
OX in a three-drive pattern

OX is one of the rare coins that continues to grind higher bearing in mind overall bearishness of the crypto market. The coin has pushed higher above the previous swing high and it is now correcting in order to get more support for the next wave higher. It looks like the OX is creating a bullish three-drive pattern that points out to more gains in the future. In ...

FinanceRhino FinanceRhino IT, 240, Short ,
137 2 5
IT, 240 Short
Three Drives & AB=CD

Bearish Three Drives with internal AB=CD. The AB=CD is showing nice bearish divergence.

hopscotch hopscotch D6U2018, 1D, Short ,
54 4 2
D6U2018, 1D Short
September Canadian Dollar Channel

CAD is a trapped in a three drives downward channel. RSI is really close so either we will get a breach of the channel above pivot, or another lower run below pivot to S1 at .75111

DerekD_ DerekD_ SPY, 60, Long ,
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SPY, 60 Long
$SPY - Definitely bullish

Nothing really too technical at all I can get into with this one (not a big fan of hourly charts for LT price action) but, @ this point I couldn't see any other pattern but a wedge up / busted bear 3 drives pattern. Currently @ the re-trace so unless anyone sees a break of $268? I'm not sure where everyone else thinks this is going lol. I've seen this setup a ...

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