Three drives pattern

ایده به زبان ساده

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.

روش محاسبه

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 before

نحوه استفاده

• After the third drive, look for a reversal, especially with divergence on an oscillator.

نتیجه‌گیری

• The more symmetrical the drives in size and time, the more classic the pattern.

مراقب این‌ها باشید

• A fourth drive is possible; wait for a break of the last pullback low.

کمی تاریخچه

Described by Larry Pesavento among others in the harmonic trading tradition.