In triple bottom trading, the chart pattern gradually emerges after a downtrend. The pattern is confirmed by a breakout above the neck line and indicates an impending uptrend.
This type of chart pattern is used for technical analysis to identify a possible change in trend direction from bottom to top. Technical analysis is primarily about predicting future developments by using historical market price movements. Please note that past performance is not a guarantee of future results.
To trade using the triple bottom chart, open your position at the moment the neck line is broken, i.e. H. after the market price hits the third low. You can go long with the triple bottom pattern by buying your chosen asset when you expect it to increase in value, hoping to sell it when the price increases.
This type of chart pattern is used for technical analysis to identify a possible change in trend direction from bottom to top. Technical analysis is primarily about predicting future developments by using historical market price movements. Please note that past performance is not a guarantee of future results.
To trade using the triple bottom chart, open your position at the moment the neck line is broken, i.e. H. after the market price hits the third low. You can go long with the triple bottom pattern by buying your chosen asset when you expect it to increase in value, hoping to sell it when the price increases.