STATUS = Confirmed
CURRENT CONFIDENCE = 57%
TARGET (EXIT) PRICE = 1.644320 AUD
BREAKOUT (ENTRY) PRICE = 1.635140 AUD
DISTANCE TO TARGET PRICE = 0.38% (62.0 pips)
EMERGED ON Jun 24, 12:00 PM (UTC)
CONFIRMED ON Jun 24, 02:03 PM (UTC)
WITH CONFIDENCE LEVEL = 66%
Tickeron AI shows that 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.
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with a UP trend. Consider buying a pair 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.
CURRENT CONFIDENCE = 57%
TARGET (EXIT) PRICE = 1.644320 AUD
BREAKOUT (ENTRY) PRICE = 1.635140 AUD
DISTANCE TO TARGET PRICE = 0.38% (62.0 pips)
EMERGED ON Jun 24, 12:00 PM (UTC)
CONFIRMED ON Jun 24, 02:03 PM (UTC)
WITH CONFIDENCE LEVEL = 66%
Tickeron AI shows that 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.
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with a UP trend. Consider buying a pair 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.