EDUCATIONAL: 3 Drive Pattern

Nov 25, 2015

The 3 Drive pattern is a 5-leg pattern. In a perfect 3 Drive pattern the XA leg will be a 0.618 to 0.786 retracement of the OX leg, the AB leg will be either a a 1.272 or 1.618 extension of the XA leg, the BC leg will be a 0.618 to 0.786 retracement of the AB leg, and the CD leg will be either a 1.272 or 1.618 extension of the BC leg. Also, the three drive legs (i.e., OX, AB, and CD) should form in about the same number of bars.

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