Bullish
Pattern
type
Sep 06, 2018
Emerged on
Sep 10, 2018
Pattern confirmed

Statistics

since January 2000

12796

TOTAL # OF PATTERNS

63.57%

CORRECT PREDICTIONS

Calculated by A.I. for all supported tickers and confirmed Three Rising Valleys patterns

• with confidence above 60%
 

Three Rising Valleys

— — — BR — Breakout line      — — — TR — Target line
pattern image

Three Rising Valleys pattern

Three Rising Valleys

The Three Rising Valleys pattern forms when three minor Lows (1, 3, 5) arranged along an upward sloping trend line. It often appears at the end of a declining trend – an indication that buyers are overtaking sellers, which ultimately pushes the price higher.

This type of formation happens when investors shift into buying mode following a consolidation period.

Trading Idea

Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the breakout price level. To identify an exit, compute the target price level by adding the pattern’s height (highest price minus the lowest price within the pattern) to the breakout level (the highest high). When trading, wait for the confirmation move, which is when the price rises above the breakout level.

To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.

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