Three Drives Pattern: How To Trade it in a Few Simple Steps [Forex Chart Patterns]
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The three drives chart pattern
The three drives chart pattern is a formation of three consecutive symmetrical price movements that signal a trend reversal. It is classified as a harmonic reversal pattern and comes in two forms: bullish and bearish.
In this video, we’ll cover all you need to know about the three drives harmonic chart pattern. Here’s a quick overview of what you’ll learn:
In the first section, we’ll introduce the three drives pattern and show you the pattern’s chart formation and how to identify it on price charts. We’ll also briefly discuss the rules and unique Fibonacci ratios that characterize the three drives chart pattern.
Next, we will show a live trading example with a strategy to apply when trading the three drives pattern. In this part of our video, our trading analysts show you how to draw trend line channels and identify the higher highs and lower lows. Most importantly, we’ll show how to find the perfect entry price level, set a stop loss, and take profit orders.
At last, we review the pros and cons of the three drives candle pattern and the key takeaways to consider when identifying and trading the pattern.
Let’s get started!
Chapters:
0:00 - Intro
0:43 - How to Identify the Three Drives Pattern
2:29 - How to Trade the Three Drives Pattern
4:02 - Pros and Cons
4:54 - Key Takeaways
➡️ For the full three drives pattern guide, visit this page: https://howtotrade.com/chart-patterns...
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📩 Join our free monthly NFP special live event - https://to.howtotrade.com/e8l
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👩🏫 Learn more about Chart Patterns - https://to.howtotrade.com/mbs
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👩🏫 Learn more about trading Forex Strategies - https://to.howtotrade.com/0cq
* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.
** Our team of coaches will never contact you directly outside of the Trading Room. If any person(s) contacts you via Social Media platforms offering account management or asking for payment, this is not HowToTrade and should be ignored.
*** This video and the video description may contain affiliate links, meaning HowToTrade.com will get a commission if you decide to make a purchase or trade through our links, at no cost to you.
In this video, we’ll cover all you need to know about the three drives harmonic chart pattern. Here’s a quick overview of what you’ll learn:
In the first section, we’ll introduce the three drives pattern and show you the pattern’s chart formation and how to identify it on price charts. We’ll also briefly discuss the rules and unique Fibonacci ratios that characterize the three drives chart pattern.
Next, we will show a live trading example with a strategy to apply when trading the three drives pattern. In this part of our video, our trading analysts show you how to draw trend line channels and identify the higher highs and lower lows. Most importantly, we’ll show how to find the perfect entry price level, set a stop loss, and take profit orders.
At last, we review the pros and cons of the three drives candle pattern and the key takeaways to consider when identifying and trading the pattern.
Let’s get started!
Chapters:
0:00 - Intro
0:43 - How to Identify the Three Drives Pattern
2:29 - How to Trade the Three Drives Pattern
4:02 - Pros and Cons
4:54 - Key Takeaways
➡️ For the full three drives pattern guide, visit this page: https://howtotrade.com/chart-patterns...
💸 Become Financially Free By Learning How To Trade here: 👉 https://to.howtotrade.com/x9q
RECOMMENDED BROKERS:
🏅Switch Markets - https://to.howtotrade.com/ixx
🏅Oanda (US & Canada) - https://to.howtotrade.com/lx6
The best VPS for algo traders:
📀 The Best VPS for EA Traders - https://to.howtotrade.com/myj
OUR SOCIALS:
📸 Instagram - Instagram: howtotradecom
📘 Facebook - Facebook: howtotradecom
♪ TikTok - TikTok: howtotradecom
↗️ Telegram - https://t.me/forexsignalscom
🐦 Twitter - Twitter: howtotradecom
🟦 Linkedin - LinkedIn: howtotradecom
1,800+ REVIEWS ⭐⭐⭐⭐⭐
💚 Trustpilot - https://www.trustpilot.com/review/for...
AFFILIATE PROGRAM
💰Earn money with our leading affiliate program: https://to.howtotrade.com/zkg
FREE TRADING EDUCATION:
📩 Free Weekly Forex Forecast - https://to.howtotrade.com/ica
📩 Free custom trading tools for all types of traders - https://to.howtotrade.com/4jv
📩 Join our free monthly NFP special live event - https://to.howtotrade.com/e8l
📩 Free library of trading Cheat Sheets - https://to.howtotrade.com/fix
👩🏫 Learn more about Chart Patterns - https://to.howtotrade.com/mbs
👩🏫 Learn How To Trade with 100% Free Courses - https://to.howtotrade.com/atn
👩🏫 Learn more about trading Forex Strategies - https://to.howtotrade.com/0cq
* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.
** Our team of coaches will never contact you directly outside of the Trading Room. If any person(s) contacts you via Social Media platforms offering account management or asking for payment, this is not HowToTrade and should be ignored.
*** This video and the video description may contain affiliate links, meaning HowToTrade.com will get a commission if you decide to make a purchase or trade through our links, at no cost to you.
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در تاریخ 1402/01/02 منتشر شده
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