Three Valleys and A River Pattern (Update)
January 12, 2010 9:26 AM

Here is a completed Three Valleys and A River Pattern. Three valleys are distinctly visible in the pattern. After trading 61.8% retracement in to its prior range yesterday, ES sold off in the overnight session (Globex). From the high of 1144, a 100% retracement (river) of its prior range is expected to 1134.

ThreeValleys_River2_Jan1210

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