As of 09/26/2022
  Indus: 29,261 -329.60 -1.1%  
  Trans: 11,999 -129.90 -1.1%  
  Utils: 953 -25.04 -2.6%  
  Nasdaq: 10,803 -65.01 -0.6%  
  S&P 500: 3,655 -38.19 -1.0%  
YTD
-19.5%  
-27.2%  
-2.8%  
-30.9%  
-23.3%  
  Targets    Overview: 09/15/2022  
  Up arrow32,000 or 29,200 by 10/15/2022
  Up arrow13,800 or 11,800 by 10/15/2022
  Up arrow1,000 or 950 by 10/15/2022
  Up arrow11,975 or 10,700 by 10/15/2022
  Up arrow3,800 or 3,500 by 10/15/2022
CPI (updated daily): Arrows on 9/13/22
As of 09/26/2022
  Indus: 29,261 -329.60 -1.1%  
  Trans: 11,999 -129.90 -1.1%  
  Utils: 953 -25.04 -2.6%  
  Nasdaq: 10,803 -65.01 -0.6%  
  S&P 500: 3,655 -38.19 -1.0%  
YTD
-19.5%  
-27.2%  
-2.8%  
-30.9%  
-23.3%  
  Targets    Overview: 09/15/2022  
  Up arrow32,000 or 29,200 by 10/15/2022
  Up arrow13,800 or 11,800 by 10/15/2022
  Up arrow1,000 or 950 by 10/15/2022
  Up arrow11,975 or 10,700 by 10/15/2022
  Up arrow3,800 or 3,500 by 10/15/2022
CPI (updated daily): Arrows on 9/13/22

Bulkowski's Three Rising Valleys Quiz

Released 2/1/2020.

Three Rising Valleys: Quiz

Below is a slider quiz to test your ability to identify three rising valleys. Captions appear below the pictures in red for guidance, so be sure to scroll down far enough to read them.

 

1 / 7
chart pattern
The three rising valleys chart pattern is common on most charts. Look for 3 rising valleys, each valley must be above the prior one. Each valley should look similar, too, but be flexible. Select all narrow ones or all wide ones, all short, or all tall. Don't mix them. Volume trends downward 64% of the time. The pattern confirms when price closes above the highest peak the pattern. On this chart, I show the three rising valleys pattern at 1, 2, 3. It confirms as a valid pattern when price closes above line A. That line begins from the highest peak in the pattern. On the next slide, try to find some 3RVs.
2 / 7
chart pattern
Find as many three rising valleys as you can. For help, click here.
3 / 7
chart pattern
I show the three rising valleys pattern at 1, 2, 3 with confirmation at A, when price closes above the peak between the three valleys. Let's try again on the next slide.
4 / 7
chart pattern
Find as many three rising valleys as you can.
5 / 7
chart pattern
This time, I show two 3RVs. The first is 1, 2, 3 and the second is 1A to 3A. The first confirms as valid and so does the second one (1A to 3A), but you can't see it on this chart. It's fine if you didn't include the 1A to 3A pattern. Also notice that turn 3A is wide whereas the other two valleys are narrow, so you might exclude it on that basis, too. As I mentioned, be flexible. Let's try one more. This next chart is tricky.
6 / 7
chart pattern
Find as many three rising valleys as you can.
7 / 7
chart pattern
You might find 1, 2, 3 as the 3RV pattern. However, it's not valid. Why? Because the stock closes below the bottom of the pattern at A, first. In other words, the pattern does not confirm as valid. Price never closes above line B. To confirm, we need a close above the pattern's top to avoid premature breakouts.

See Also

 
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