Harmonic and chart patterns
Three drives pattern
Three pushes in the same direction, each separated by a pullback, often with Fibonacci proportions: a sign of exhaustion.
Die Idee in einfachen Worten
When the market keeps pushing to new highs in three similar steps, each needing a pullback to gather strength, the trend is often running out of energy.
So wird gerechnet
Click the start, drive 1, pullback A, drive 2, pullback B and drive 3. The tool shows each leg's ratio to the previous one. After B it draws where drive 3 is likely to end (1.272 or 1.618 × the pullback); after drive 3 it draws the targets (back to B, then back to A) and a stop at 1.272 × the last drive.
Pullbacks A and B usually retrace 0.618–0.786 of the drive before
Drives 2 and 3 usually extend 1.272–1.618 of the pullback beforeAnwendung
- After the third drive, look for a reversal, especially with divergence on an oscillator.
Schlüsse ziehen
- The more symmetrical the drives in size and time, the more classic the pattern.
Beispiel
A stock makes three highs about two weeks apart, each 1.27 times the previous pullback, while RSI makes lower highs: a three-drives top.
Kurse in Beispielen dienen der Veranschaulichung.
Worauf man achten sollte
- A fourth drive is possible; wait for a break of the last pullback low.
Ein wenig Geschichte
Described by Larry Pesavento among others in the harmonic trading tradition.
Nur Bildungsinhalte. Kein Indikator und kein Muster sagt die Zukunft voraus, und nichts hier ist eine Anlageberatung.