“Bearish Three Drives” Harmonic Pattern Stock Screener

The Bearish Three Drives harmonic pattern is a technical trading pattern that helps traders identify potential trend reversals by recognizing a sequence of three price swings with specific Fibonacci ratios, providing a structured approach to spot potential short-selling opportunities in the financial markets

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This post focuses on customizable factory scans associated with Bearish Three Drives harmonic pattern, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.


Display recent bearish Three Drives harmonic patterns

Tags:

List symbols where pattern is Three Drives Bearish

Add Column Three Drives Bearish Status as Status
Add Column Three Drives Bearish Target as Target
Add Column Three Drives Bearish Date as Date

Apply to NSE

Plot

This scan identifies NSE symbols that have recently formed a Bearish Three Drives pattern.

The scan output report includes the current status of the pattern, indicating whether it is confirmed, unconfirmed, or if the target has been reached.

Additionally, the target level and the date the pattern was triggered are displayed.



Confirmed bearish Three Drives harmonic patterns

List symbols where pattern is ThreeDrivesBear
and ThreeDrivesBearStatus = Confirmed

Add Column ThreeDrivesBearStatus as Status
Add Column ThreeDrivesBearTarget as Target
Add Column ThreeDrivesBearDt as Date
Add Column PatternName

Apply to NSE

Plot

This scan specifically identifies confirmed Bearish Three Drives patterns.


For insights into the Bearish Three Drives harmonic pattern, including the structure of the pattern, the psychology underlying it, how to trade the pattern, as well as an exploration of its advantages and limitations as a tool, click here.

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