Sive, Is it possible we have a 3-drive buy on the 4H time frame, with a target of the highest point between the and 2nd and 3rd drives? (around 1.4370 on spot market.) Second, though I have asked before, I am still confused about the target of the DRPO pattern - could you elaborate on this with a drawing or on a video? Thank you.
Hi Icarus,
Usually 3-Drive is a pattern that marks exhausting condition on the market. But current move is more a retracement, rather continuation, so to me this is hardly 3-Drive pattern.
The minimum target of DRPO usually at least 1.0 Fib extension of the tops, or you can use as exit point - crossing of 3x3 in counter direction to DRPO signal.