Triple Bottom Reversal Pattern:
-Important: This pattern should be treated as a neutral pattern until it reaches the third bottom point. Before that moment it could form as other patterns such as a double top, a declining wedge, etc.
-If it breaks past the resistance line that is when the trade should be entered.
-If it doesn’t break out, it will continue in a sideways motion.
-Typical time-frame: 3-6 months.
-The volume should spike when it’s breaking the resistance line. At that point the resistance line becomes the support.
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How to trade? What is its target?
so comprehensive.
Thanks Sasha!
Let's hope this is the case for btc right now ??
About to hit triple bottom on BTC… Strap on…
Please put this in context. Is this about buying or options? If buying, day trading or longer term?
are you essentially saying you would avoid playing in between this triple pattern? obviously it would depend on what you're trading, but you could potentially (if monitored closely) buy down at the supports and sell at the resistance level?
Thanks for the video. I have a question though.
A triple Bottom is a Reversal right? and so it Double Bottom and Double Top. so does if it didn't form a full Tripple bottom and instead it formed a Double Top on a downtrending pattern, would that now be considered a contiuation it will continue going lower ofter the Double top? i hope that made sense
Does the support always have to be a horizontal like ( _ ) or can it be a diagonal line ( / ) as well?
hi
i have a very stupid question if you don't mind
what do i benefit from these triple points, and how do i use them to predict
am new to this so sorry
thanks in advance
You deserve way more views! amazing channel man keep it up thanks, and are you going to upload trading videos?
does this apply to intraday trading?????????
simple and very knowledgable