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Bullish 3-Drive Pattern
What is the Bullish 3-Drive Pattern?
The Bullish 3-Drive Pattern (3-drives to a bottom)
Rare pattern where price and time symmetry are key
Should be easily identified, or “jump out” at you
Formed by 3 consecutive symmetrical valleys
Contains two connecting (intertwined) bullish ABCD patterns
Also contains bullish butterfly pattern (completing at 3rd drive)
Why is the Bullish 3-Drive Pattern important? include the U.S. Dollar (USD).
Suggests market potentially at its most bearish—higher probability for market reversal
Typically offers excellent risk/reward ratio
Pattern failure suggest potentially strong bearish continuation move may be in progress
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The Bullish 3-Drive Pattern (3-drives to a bottom)
Rare pattern where price and time symmetry are key
Should be easily identified, or “jump out” at you
Formed by 3 consecutive symmetrical valleys
Contains two connecting (intertwined) bullish ABCD patterns
Also contains bullish butterfly pattern (completing at 3rd drive)
Why is the Bullish 3-Drive Pattern important? include the U.S. Dollar (USD).
Suggests market potentially at its most bearish—higher probability for market reversal
Typically offers excellent risk/reward ratio
Pattern failure suggest potentially strong bearish continuation move may be in progress
#copied_content
credits for content = forex(.)com
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