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7.8 Three Drives Pattern

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Adept Level

The Three Drives pattern is a reversal pattern established by a series of higher highs or lower lows.
Originally outlined by Robert Prechter, the Three Drives pattern is not often used in trading because it is less common than other harmonic patterns.
Three Drives patterns are made up of symmetrical price movements with Fibonacci levels in a 5 wave structure.
Symmetry is often critical; this particular pattern is critical and you should never try to force this onto a chart.
If it's not there, then it's not there, simple.