Fabclub
Education

Three hill and mountain pattern

NSE:M_MFIN   MAHINDRA &MAH FIN
307 views
4
307 1
Price action education 3
May 15
Comment: Each hill retraces to a minimum of 0.5 to 0.61 8 (Fibonacci ratio) of its height before expandinj
into the next hill. After completion of the "Three Hills," a trend line is drawn in the chart
below connecting the bottoms of the "Three Hills." A close below the trend line gives a shorttrading
opportunity. After completion of 62% of the prior range, it has another important
reversal to the upside, the "Mountain" which rallies about 100% to 127% of entire hills range
(AB).

Trade: The first trade occurs on the close below the trend line. The second trade occurs after
completion of a 62% retracement to the downside-"AB." The second trade is a "long" trade
from "C."

Target: The first trade target (Short) is 62% of prior swing length-"AB." The second trade
target is from the "C" level, which is 100% to 127% of "AB" to the upside.

Stop: Place the "first trade" stop above the "B" level and the "second trade" stop below the
"C" level.
need full sir
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out