Exhibit Apic.twitter.com/0zvxOXeVRk
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#TATip: Three Drives
• 3 swing points (ideally approximately equally spaced) where each subsequent candle takes out the previous high/low but closes below/above it.
• Works better when accompanied with divs.
• Useful to find potential trend reversals.
• TFs: 4h - 15mpic.twitter.com/LX2Mkaj3dW
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Exhibit B (https://twitter.com/HsakaTrades/status/1229814085270695938?s=20 …)
$BTCpic.twitter.com/sqBzt2FAIl
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How would you use this practically? Would you trade the first SFP, assuming wider MS is reasonable (ie. not a bear trend)? Or perhaps only 2nd SFP if accompanied by divergence? Thanks in advance
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Only the 2nd.
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i don't see any trend reversal on pic 2, yet :) it seems sideway movement alot.
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That's because there isn't one. It's not exclusive to find them around reversal points, they just tend to form there most often on the 1h-4h. The second picture serves to depict how you can take LTF scalps based off this pattern.
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To spot divergence you must use the body of the candles not the wicks The oscillators measure the close of the candles
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Note that the middle one is not obligatory fit with the line and can be above or below
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3 Indians.
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Triple divergence is what some people call it..I guess..
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Call it whatever you want mate.
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