Triple bottom made with an inverted hs. Market is bearish those yet the bulls are very convincing as we can see here
The market rejected the average but the bar still was bullish!
It sold and returned to the average yet the second time we see a strong bull candle!
Notice how price pullback before it retested the average! Also notice how the first test led to a bearish impulse and the second test was a small bullish pullback!
Also notice how the market pullback from the bullish impulse retest the diagonal trendline and is now going back for the average..
These as signs of strong buying!
Yet impressive the market still need to trade on top of the average and its happens to be a range market controlling the average ..
so we can conclude two things here
Either this 3 bottom is a test move of the low to go up or a breakout Lower of the macro range and a test before going lower.
Either way
This present us with a great opportunities as either outcome will be a long trade to hold
So if price breaks into the range trades above the average and goes to the high we buy and hold
If price failed and go below the triple bottom we sale and hold the trade! Ideally here the move would be failure to trend above the average There no reason to tp as the decision here will be lasting maybe all year..
Gl
PS i don’t benefit from doing this nor to I have to its a blessing towards an ungrateful community that don’t give their likes cool I don’t need it but stay off my post THEN cus this isn’t for this for you I do this for ppl who want to improve on there strategies ,
Gl
The market rejected the average but the bar still was bullish!
It sold and returned to the average yet the second time we see a strong bull candle!
Notice how price pullback before it retested the average! Also notice how the first test led to a bearish impulse and the second test was a small bullish pullback!
Also notice how the market pullback from the bullish impulse retest the diagonal trendline and is now going back for the average..
These as signs of strong buying!
Yet impressive the market still need to trade on top of the average and its happens to be a range market controlling the average ..
so we can conclude two things here
Either this 3 bottom is a test move of the low to go up or a breakout Lower of the macro range and a test before going lower.
Either way
This present us with a great opportunities as either outcome will be a long trade to hold
So if price breaks into the range trades above the average and goes to the high we buy and hold
If price failed and go below the triple bottom we sale and hold the trade! Ideally here the move would be failure to trend above the average There no reason to tp as the decision here will be lasting maybe all year..
Gl
PS i don’t benefit from doing this nor to I have to its a blessing towards an ungrateful community that don’t give their likes cool I don’t need it but stay off my post THEN cus this isn’t for this for you I do this for ppl who want to improve on there strategies ,
Gl