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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.
Technician Technician TOP NZDCAD, D, Long ,
NZDCAD: NZDCAD: Confluence!
2848 9 103
NZDCAD: Confluence!

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

SignalSwiss SignalSwiss PRO XAUUSD, 60, Long ,
1784 4 49
XAUUSD, 60 Long

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 ...

DianKemala DianKemala TOP BTCUSD, 240, Long ,
BTCUSD: BTCUSD intraday setup 5
20495 70 170
BTCUSD, 240 Long
BTCUSD intraday setup 5

Tecnical : BTCUSD jump after reach 5581 this coin still in bullish wave, our target at 6449 this weekend. If rising wedge break down support at 5391. Fundamental : Huobi to reopen trading with Bitcoin and Ethereum trading on Oct 26. China lifting ban could likely reignite Bitcoin market news sources : https://www.huobi.pro/zh-cn/notice_detail/?id=651

DianKemala DianKemala TOP BTCUSD, 240, Short ,
BTCUSD: BTCUSD Intraday setup 7
23104 72 197
BTCUSD, 240 Short
BTCUSD Intraday setup 7

BTCUSD hit our previous analysis at intraday setup 5 Now this coin complete three drives pattern inside rising wedge pattern, and already hit wedge resistance. Both of this pattern is danger, with bearish result, if this coin drop : 1. we have support at 6063.91 and 2. three drives pattern projection at 5391.00 For bullish,, we still have symetrical triangle ...

DianKemala DianKemala TOP BTCUSD, 240,
BTCUSD: BTCUSD intraday setup 4
16482 49 157
BTCUSD intraday setup 4

BTCUSD hit second 0.618 fibonacci retracement, inside rising wedge pattern. This price action will trigger bearish three drives pattern. To complete this pattern,, 6449 will be bullish target from 5565 at fibonacci 1.414, and prepare for bearish correction after target reach to 5391. good luck.

skateP76 skateP76 EURUSD, 240, Short ,
EURUSD: e_wave & cypher pattern
32 0 5
EURUSD, 240 Short
e_wave & cypher pattern

larger projection possible 3 drives CYPHER

tchat tchat BTCUSD, 240,
BTCUSD: An alternative to the H&S perspective -- similar outcome
286 4 3
An alternative to the H&S perspective -- similar outcome

I can't quite buy into the skewed H&S breakdown, but see old-man BTC's need for a breather. A pitstop low enough to allow for a repeat of the last pattern would allow for a steady path to 7200 with some reliable volatility for short-term traders. I don't want to jinx hodlers, but I can't help but hope for the return to the 4600 neighborhood.

LewisGlasgow LewisGlasgow PRO XAGUSD, 240, Short ,
XAGUSD: XAG/USD - Three Drives
2634 24 74
XAGUSD, 240 Short
XAG/USD - Three Drives

Hello traders :) I'm back with a market insight on XAG/USD. Price seems to be forming a valid bullish three drives pattern and I plan to capitalise on its premature formation. Price completed the 2nd price drive at 15.18 and we may be starting the 3rd price drive once we confirm the 0.618 retracement level. You will need to pay close attention to price action ...

LewisGlasgow LewisGlasgow PRO BTCUSD, 240, Long ,
BTCUSD: Bitcoin - Three Drives
8371 27 111
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 ...

hopscotch hopscotch DLF2018, D, Short ,
DLF2018: January Milk Elliot Wave
17 0 0
DLF2018, D Short
January Milk Elliot Wave

Jan Milk III is nearing the Support 3 line and closing in on oversold RSI. Milk is very bearish right now. USDA put milk trading around 16.18 to 15. Well it went below that. The next USDA numbers on Milk is November 20, 2017 3:00 PM. Right now Milk is trading in a band and could be coming to a final three drives pattern.

NguyenHuuHung NguyenHuuHung EURUSD, D, Short ,
67 0 3

wait. a refusal to resist will be a good opportunity to sell in this area. safe transactions. Good luck!

arash30esf arash30esf BTCUSD, D,
50 0 3
BIT GO 6400


Godemichet Godemichet AMZN, W, Short ,
AMZN: Magic 3
86 0 4
AMZN, W Short
Magic 3

Ready for downtrend

VasilyPonomarev VasilyPonomarev USDCAD, 60, Long ,
USDCAD: three drives pattern
197 0 17
USDCAD, 60 Long
three drives pattern


Trading_Jazz Trading_Jazz PRO DXY, 480, Short ,
DXY: (8h) 3 Bearish Patterns to Drive... or not ;)
442 2 24
DXY, 480 Short
(8h) 3 Bearish Patterns to Drive... or not ;)

https://www.tradingview.com/chart/EURUSD/T3D391Dj-The-Three-Drives-Pattern-Educational/ With a solid bearish divergence (RSI + MACD) forming the 3drives pattern, but also two different bearish harmonic patterns. The Bearish Butterfly pattern (orange) at 127 extension from X to A, BUT with a point B rejecting the pullback to the 78% retracement for a few pips, ...

hopscotch hopscotch HEZ2017, D,
HEZ2017: Lean Hogs 3 Drives
37 0 3
HEZ2017, D
Lean Hogs 3 Drives

December Lean Hog maybe moving into a 3 drives pattern. RSI trend is up and hasn't been broken. Hog index is now at 60.92. We may see sideways trading now until a definite direction is decided. Watching for trendlines to fail top or bottom. New pivots will be formed middle of next week producing a small range of resistance and support.

Trading_Jazz Trading_Jazz PRO GBPUSD, W, Short ,
GBPUSD: (Weekly) Major and lower degree Structure & Advanced Patterns
666 1 20
(Weekly) Major and lower degree Structure & Advanced Patterns

FX:GBPUSD https://www.tradingview.com/chart/EURUSD/ECb5Dl2T-Crab-Pattern-Engagement-Rules-Educational/FX:GBPUSD https://www.tradingview.com/chart/EURUSD/23Jop8vm-Cypher-Pattern-Engagement-Rules-Educational/ https://www.tradingview.com/chart/EURUSD/T3D391Dj-The-Three-Drives-Pattern-Educational/ Safe Trades;

hopscotch hopscotch XKX2017, D, Short ,
XKX2017: Soybean Following Uptrend Bullish Butterfly
46 0 4
XKX2017, D Short
Soybean Following Uptrend Bullish Butterfly

November Soybean is following an uptrend. Although today was bearish and probably the next two days next week, we should see another round of buying. Soybeans got hit on the USDA report so not too sure how high this will go. This may be a simple three drives pattern and double top rejection. R1 becomes resistance. Trendline becomes support. Next downside target is ...

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