Trading Three Valleys and A River

Trading Three Valleys and A River Pattern

The example above shows a "Three Valleys and a River" pattern from the ZLC weekly chart. ZLC established a 3-Valley pattern from July, 2005 to April, 2006. A trend line is drawn the connecting the tops of three valleys. In June 2006, ZLC closed above the trend line to confirm a "long" trade.

1. Enter a "long" trade above the high of the breakout bar from the trendline.

2. Place a "stop" order few ticks below the trend line.

3. Target 62% of the range between the top of the first valley to the bottom of the third valley.

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