Popular Today
Popular Today
Popular All Time
Newest
Charts and Videos
Charts and Videos
Charts
Videos

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.
ronfkingswanson ronfkingswanson TOP BTCUSD, 240, Short ,
BTCUSD: Rinse, Wash, Repeat: the fractal road to 8K
40273 100 514
BTCUSD, 240 Short
Rinse, Wash, Repeat: the fractal road to 8K

(see related ideas below) Called the 17.2K bulltrap when folks were expecting to unload bags at 18-19K. Called the 9K low on the second selloff, when folks were clamoring for even more blood. Now we're repeating the same rebound, retrace, and collapse cycle on this pitchfork. This rally should get stuck under the old yellow triangle bottom, so no more than 14K. ...

IAmSatoshi IAmSatoshi PRO ETHBTC, D,
ETHBTC: Multi-Year 3 Drives Could Bring $ETH to 0.5 in 2018
4258 9 43
ETHBTC, D
Multi-Year 3 Drives Could Bring $ETH to 0.5 in 2018

A lot needs to happen both technically and fundamentally for this to happen as described. The idea is likely wrong, but nevertheless worth keeping in mind through 2018. @VentureCoinist had a similar chart https://pbs.twimg.com/media/DQ6Es8RW0AAD3tV.jpg

elidar elidar BTCUSD, 240,
BTCUSD: BTC/USD Bitcoin H4
1607 0 5
BTCUSD, 240
BTC/USD Bitcoin H4

probable price drop to 10,470

ErdemBP ErdemBP GBPUSD, D, Short ,
GBPUSD: GBP/USD  3Drives Pattern /SHORT /Daily
178 0 5
GBPUSD, D Short
GBP/USD 3Drives Pattern /SHORT /Daily

Please hit the like/follow button if you find this useful. Good Luck For more analyses subscribe my new telegram channel : t.me/erdembp

zippy1day zippy1day PRO BTCUSD, 60, Long ,
BTCUSD: BTC Possible Three Drives?
299 0 1
BTCUSD, 60 Long
BTC Possible Three Drives?

Bitcoin posing us TA boffs headaches at the moment,but maybe this is in play to complete ABC correction?

Technician Technician PRO EURUSD, 240, Long ,
EURUSD: EURUSD: May complete 3rd wave higher
2963 11 108
EURUSD, 240 Long
EURUSD: May complete 3rd wave higher

Every EURUSD dip was re-bought. The price could be heading to complete the third wave of a potential three drives pattern as illustrated on chart. Buying this for the short term. Will be watching if we reach potential reversal zone around 1.1920-1.1930. Best Technician

IvanMadrazo IvanMadrazo GOLD, 240, Long ,
GOLD: The golden highway
444 2 4
GOLD, 240 Long
The golden highway

Possible 3 drives pattern at weeklytimeframe. Confluence of small abcd + divergence an 0.618 confluence + channel trendline Expecting NFP results to go long

elidar elidar BTCUSD, D,
BTCUSD: BTC/USD
167 0 1
BTCUSD, D
BTC/USD

If the formation is confirmed, the price will fall to 8,000 $

Technician Technician PRO XAUUSD, 120, Short ,
XAUUSD: GOLD quick short setup
3616 8 102
XAUUSD, 120 Short
GOLD quick short setup

Looking for an hourly candlestick rejection as a final confirmation to short GOLD for a quick bearish reversal. The price has completed a three drives pattern at the previously broken support and potential resistance now around 1264 Best Technician

corganmusic corganmusic GBPAUD, 240,
GBPAUD: GBPAUD huggge Bat 1w, and 3 Drives Pattern! 4hr
167 0 7
GBPAUD, 240
GBPAUD huggge Bat 1w, and 3 Drives Pattern! 4hr

--------------Bat-------------------------- Starting with the weekly and zooming in, you will see a consistent uptrend that forms a Bat Pattern starting at May 23rd (This is not visible) It has the valid measurements between A = .382 - .5 B = .382 - .886 C = 1.618 -2.618 X to D = .886 --------------3 Drives-------------- The chart illustrates a Bearish 3 ...

Technician Technician PRO NZDCAD, D, Long ,
NZDCAD: NZDCAD: Confluence!
3323 10 108
NZDCAD, D Long
NZDCAD: Confluence!

Confluence of : 1- Prior swing low and support level 2- Three drives pattern 3- RSI bullish divergence 4- Rejection candle Best Technician

NathanAB NathanAB PRO ADABTC, D, Long ,
ADABTC: [ADA/BTC] - They see me flaggin, they hatin
1003 0 12
ADABTC, D Long
[ADA/BTC] - They see me flaggin, they hatin

Cardano has been on an absolute tear the last month, exhibiting the flag patterns we've seen across many alts over that time. It's currently breaking out of the last flag but the question is whether it forms a three-drives pattern and drops or continues flagging. I've set two targets here that represent the case for each scenario - 5k for another flag and 4.3k ...

SignalSwiss SignalSwiss PRO XAUUSD, 60, Long ,
XAUUSD: [GOLD] POTENTIAL REBOUND IN SHORT TERM...
1989 4 54
XAUUSD, 60 Long
[GOLD] POTENTIAL REBOUND IN SHORT TERM...

The trend remains bearish at the moment, 3D PATTERN potential on H1 chart can appair, and it could develop a HEAD AND SHOULDERS (bullish). If you are not able to trade 3D PATTERN, wait for confirmation and take long position on the right shoulder with stop below the head. If you think this analysis can be useful, leave a your comment or your LIKE! Thank you for ...

hopscotch hopscotch PRO D6H2018, D, Short ,
D6H2018: March Canadian Dollar Three Drives Bearish
5 0 0
D6H2018, D Short
March Canadian Dollar Three Drives Bearish

CAD not reacting too much to USD as it is horizontal looking for strength. CAD horizontal move into wedge pattern and the fact that we are on the top side of RSI suggests a fall. There maybe still a some top side for CAD if USD falls again. It will need to do some clearing of RSI before significant upside can be achieved.

foxwavetrading foxwavetrading AMG, D, Short ,
AMG: Three Drives
19 0 2
AMG, D Short
Three Drives

Looking for a reversal here.

TacoHorsen TacoHorsen REQBTC, 30, Long ,
REQBTC: Third drive starting, buy now
247 3 4
REQBTC, 30 Long
Third drive starting, buy now

This is a typical three drives pattern forming, next drive will pass 7000 sat

TheFoil TheFoil XEMUSD, 30, Long ,
XEMUSD: XEM/USD long trend ahead
247 0 3
XEMUSD, 30 Long
XEM/USD long trend ahead

Even though we recently learn about China is moving for a cryptoban, XEM* is already well implemented in the east and should provide a growth in the month to come. The recent down is probably due to the uncertainty related to Catapult and China Cryptoban rather than about the fundamentals of XEM* The demand has a steady growth but could be slowed by a lack of ...

hopscotch hopscotch PRO HEJ2018, D, Short ,
HEJ2018: April Hogs Three Drives Bullish Cypher
40 0 0
HEJ2018, D Short
April Hogs Three Drives Bullish Cypher

April Hogs has created a bearish flag and top of a bearish three drives. Need confirmation before taking an interest in this bearish scenario. We have seen a fight with bulls and bears in the past week keeping hogs high. It happened again today. Index once again fell, so the logical action would be to sell, but when have futures been logical. Bears have been very ...

Show More Ideas 123456...15
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out
Browse
Video