BATS:SLV   ISHARES SILVER TRUST
1950 26 15
Triple bottoms are somewhat rare chart patterns. That makes sense because three peaks seldom line up like soldiers at attention. They have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank.

http://thepatternsite.com/tb.html

The Triple Bottom Reversal is a bullish reversal pattern typically there are three equal lows followed by a break above resistance. As major reversal patterns, these patterns usually form over a 3 to 6 month period.

1. Prior Trend: With any reversal pattern, there should be an existing trend to reverse. In the case of the Triple Bottom Reversal, a clear downtrend should precede the formation.

2. Three Lows: All three lows should be reasonable equal, well spaced and mark significant turning points. The lows do not have to be exactly equal, but should be reasonably equivalent.

3. Volume: As the Triple Bottom Reversal develops, overall volume levels usually decline. Volume sometimes increases near the lows. After the third low, an expansion of volume on the advance and at the resistance breakout greatly reinforces the soundness of the pattern.

4. Resistance Break: As with many other reversal patterns, the Triple Bottom Reversal is not complete until a resistance breakout. The highest point of the formation, which would be the highest of the intermittent highs, marks resistance.

5. Resistance Turns Support: Broken resistance becomes potential support, and there is sometimes a test of this newfound support level with the first correction.

6. Price Target: The distance from the resistance breakout to lows can be measured and added to the resistance break for a price target. The longer the pattern develops, the more significant is the ultimate breakout. Triple Bottom Reversals that are 6 or more months in duration represent major bottoms and a price target is less likely to be effective.

As the Triple Bottom Reversal develops, it can start to resemble a number of patterns. Before the third low forms, the pattern may look like a Double Bottom Reversal. Three equal lows can also be found in a descending triangle or rectangle. Of these patterns mentioned, only the descending triangle has bearish overtones; the others are neutral until a breakout occurs. Similarly, the Triple Bottom Reversal should also be treated as a neutral pattern until a breakout occurs. The ability to hold support is bullish , but demand has not won the battle until resistance is broken. Volume on the last advance can sometimes yield a clue. If there is a sharp increase in volume and momentum , then the chances of a breakout increase.

http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns:triple_bottom_revers
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
If the last valley bottom is above the second valley bottom, then expect better performance. The Shelf figure shows an example of this when bottom 3 is above bottom 2.
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
snapshot
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
No support in SLV till 27.50.
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
Held 61.8 level, options look inexpensive
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
snapshot
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
Perfect set up would be a large build of a base going into the debt ceiling deadline. For now I'm thinking of taking a big risk move in February with either a position in long March 35.00 calls or smaller bets with weekly options for SLV.
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
snapshot
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
Not planning to hold through expiration.

SLV Mar 2013 34.000 call @ 0.15 - - would like to buy @ .07 /. 06 - sell ~ .30 / .31
SLV Mar 2013 35.000 call @ 0.10 - - would like to buy @ .05 / .04 - sell ~ .22 / .24
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
the nation will begin defaulting on its payment obligations between Feb. 15 and March 1, unless Congress raises the $16.4 billion debt ceiling.

Read more: http://thehill.com/blogs/on-the-money/budget/275947-debt-ceiling-cliff-coming-feb-15-experts-say#ixzz2HbaJVJ5z
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
http://stockcharts.com/help/data/media/chart_school/chart_analysis/chart_patterns/tripbot-rev-apc.png
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
snapshot
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
SLV  CHANNELING, Cautiously Bullish
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
snapshot
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
SLV looks attractive for a 10% gain in this quarter
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
snapshot
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
snapshot
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
DanV chart
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
snapshot
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Silver Consolidated Periods After A Bull Run
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