BINANCE:FETBTC has completed a triple bottom which gives us good reason to believe the bottom is in and we will start to go up from 3800 sat. You can enter now if you're risky or wait for the downtrend line to break or even at the triple bottom resistance at 4100 sat or so
"A triple bottom is a bullish REVERSAL chart pattern used in technical analysis that's...
We were in an uptrend (red trendline )
which we broke and now acts as a resistance level
Again we were in an uptrend (orange line) ..again broken acting now as resistance
We also have a descending triangle which is about to break
and a DOUBLE TOP pattern (still neckline not broken)
We have a triple top (at the above green zone)...
Triple bottom pattern.
Second high is higher than first high and it's good signal to buy.
Entry : Buy limit 0.6791
Stop : 0.6770 (21 pips)
TP1 : 0.6833 (42 pips)
0.6791 is an important area in daily chart
CADJPY has formed a triple bottom also in an inclining channel.
There is also a possible Head and Shoulders pattern forming.
Looking to buy up to the shoulder line at 84.40.
Tight stop below the support line 83.50
From the Daily chart we can see a text book Double Bottom pattern emerge just before the breakout and continued uptrend begins.
When we take a closer look at the hourly and 30 minute charts we can see two possibly three island reversals which make taking a trade extremely risky when a commodities price could gap down and leave us stranded. This will further...
The S&P500 is currently trading in a nice range between 2620 and 2810 points. The Fibonnaci level of 61.8% acted as a really good resistance (triple top). Price just bounced for the third time on the 2620 level and could go back up to 2810. However, if trend reverses and breaks below 2620, we could see a big drop. Also note a little divergence with the MACD; it...
Today may be the day we get the long-awaited bounce in rates and equity. SMI is showing signs of strength with a positively sloped trendline. ES1! appears to fight the sellers' pressure and bounces of the anticipated support at around 2627.00 forming a triple bottom. Now the first resist is visible at 2712 but the major one is expected to be located at around...
Trading Bias: Neutral / Bullish and Bearish options laid out
Technical Strategy: Rising Wedge (for short trade) vs Daily Support Channel (which may work as triple bottom on D1 timeframe for a long trade)
*Wait for price to break down and out of the wedge. If we break up and OUT of the wedge then will re-assess with a potential long scenario*
This appears to be a triple bottom forming with the steady trading range we've had and consistent volume. This may indicate a little bit of a bullish move coming in the near future.
This being an hourly chart it's hard to take long term predictions from this, but I feel like a key indication will be whether we get a clean break through that hourly resistance at...
We've come a long way for this entry, finally E/A has formed a triple bottom. We can enter now and risk a bit and we should also get a second entry as price retest to explode upward continuing with its up-trend.