How to Identify the Three-Drive
The pattern consists of a series of three higher highs or lower lows, which signals a potential reversal.
As you can see from the charts above, point A should be the 61.8% retracement of drive 1. Similarly, point B should be the 0.618 retracement of drive 2.
Then, drive 2 should be the 1.272 extension of correction A and drive 3 should be the 1.272 extension of correction B.
By the time the whole three-drive pattern is complete, that’s when you can pull the trigger on your long or short trade.
Typically, when the price reaches point B, you can already set your short or long orders at the 1.272 extension so that you won’t miss out!
The pattern consists of a series of three higher highs or lower lows, which signals a potential reversal.
As you can see from the charts above, point A should be the 61.8% retracement of drive 1. Similarly, point B should be the 0.618 retracement of drive 2.
Then, drive 2 should be the 1.272 extension of correction A and drive 3 should be the 1.272 extension of correction B.
By the time the whole three-drive pattern is complete, that’s when you can pull the trigger on your long or short trade.
Typically, when the price reaches point B, you can already set your short or long orders at the 1.272 extension so that you won’t miss out!
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.