NOTE: I haven’t included in the three drive pattern in the “Harmonic Patterns” page because this pattern is quite uncommon and is basically a couple of AB=CD patterns in succession.
VLL – Potential Bearish Three Drives
VISTA LAND AND LIFESCAPES, INC. (PSE:VLL) – This is probably the most “sexy” Three Drives (development) pattern I have ever seen. The symmetry is beautiful. That aside, VLL has been slowly trending up and is in fact approximately +50% from the years low. Are we seeing the development of the third drive? The first hurdle is the recent high of 3.38, 3 flucs from today’s close. If VLL fails to breach it, let’s talk again. Maybe that PPP project near daang hari might do the trick. Surely that will benefit VLL’s properties.