Bullish Three Drives

130.63   Bullish Three   241 Ticks   XMRUSD

Bullish Three Drives statistically is a countertrend pattern, so its ideal location is in a down trend near support. It signifies start of correction or trend reversal. It may also appear at the end of higher timeframe correction of up trend. In such case this pattern may mean the end of correction and start of a new trend leg.

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