In the book Candlesticks, Fibonacci, and Chart Pattern Trading Tools, author Robert Fischer describes the three rising valleys chart pattern as a reliable and stable three-point chart formation. The pattern consists of three consecutive higher lows, or valleys, that have the same approximate shape or structure. A potential up move and long trade is signaled when price closes above the highest high established since the first low of the pattern. The following analysis provides several insights about this pattern’s characteristics and odds of success. Read on to learn how the pattern has performed in the past and how to find potential trade candidates.
This investment strategy will entail buying the undervalued security while short-selling the overvalued security, all while maintaining market neutrality.
Swing trading refers to the practice of trying to profit from market swings of a minimum of one day and as long as several weeks.
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