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.
La idea en pocas palabras
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.
Cómo se calcula
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 beforeCómo usarlo
- After the third drive, look for a reversal, especially with divergence on an oscillator.
Sacar conclusiones
- The more symmetrical the drives in size and time, the more classic the pattern.
Ejemplo
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.
Los precios de los ejemplos son ilustrativos.
Ten cuidado con
- A fourth drive is possible; wait for a break of the last pullback low.
Un poco de historia
Described by Larry Pesavento among others in the harmonic trading tradition.
Solo contenido educativo. Ningún indicador ni patrón predice el futuro, y nada de lo aquí expuesto es asesoramiento de inversión.