Three Hills and a Mountain Pattern is formed.
1. Each hill retraces to a minimum of 0.5 to 0.61 8 (Fibonacci ratio) of its height before expanding into the next hill.
2. Trend line is drawn in the chart below connecting the bottoms of the "Three Hills."
3. 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.
1. Each hill retraces to a minimum of 0.5 to 0.61 8 (Fibonacci ratio) of its height before expanding into the next hill.
2. Trend line is drawn in the chart below connecting the bottoms of the "Three Hills."
3. 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.
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