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!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.