Three Drives
HarmonicNeutralReversalReliability:
Three symmetric drives to new extremes, each separated by Fibonacci levels — completing the third drive signals exhaustion and a likely reversal.
Description
Price forms three successive drives to new highs or lows, each separated by a retracement (typically 0.618) and an extension (typically 1.272), making the three drives equal in size and time.
Market psychology
Momentum extends the trend three times in a measured rhythm until it is spent.
How to trade
Wait for the third drive to complete at its projected level, then trade the reversal with a stop beyond that extreme.
Confirmation
Symmetry of the three drives plus a reversal trigger at the completion of the third.
Also known as: Three Drives, Three Drives Pattern
Educational content only — not financial advice. Cryptorua reads public market data and never places orders.