Price on EURAUD has been in a strong downtrend, pressing lower with sellers in control.
But notice what happens at this level.
Price tests it once… bounces.
Comes back again…
And then a third time, buyers defend the level once more.
That’s a clear Triple Bottom, a strong sign that sellers are losing strength, while buyers are building momentum.
Now look at this: the real confirmation came when price broke above the neckline, the resistance that connects the swing highs between the three bottoms.
That breakout tells us the shift is real! Strong and clean.
And now he market drives higher.
This is the Triple Bottom: a classic reversal pattern that often signals the end of a bearish trend.
But notice what happens at this level.
Price tests it once… bounces.
Comes back again…
And then a third time, buyers defend the level once more.
That’s a clear Triple Bottom, a strong sign that sellers are losing strength, while buyers are building momentum.
Now look at this: the real confirmation came when price broke above the neckline, the resistance that connects the swing highs between the three bottoms.
That breakout tells us the shift is real! Strong and clean.
And now he market drives higher.
This is the Triple Bottom: a classic reversal pattern that often signals the end of a bearish trend.
Trade active
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.