Notice the dark blue pattern on the chart, there's noticeably a Ascending Triangle and coincidentally a bullish inverted H&S where I have placed the green lines. Above each green line is appears to be a bottom, and there's three very noticeable on the line chart as opposed to the hollow candle chart. I have placed three blue finger icons so there is no...
USDCHF is consolidation at the bottom of a bullish move. After a triple bottom and a false breakout where the market touch 0.90100 we can expect some retracement move. IF the market will break above the upper daily structure we can set a nice long order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis,...
Its just send a powerful signal for Triple bottom and next target ... BUT be careful it may crate a RECTANGULAR PATTERN and just come back to the support line again
There appears to be a micro H&S playing out at the moment, the green upward sloping line of support has been broken to the downside, we have seen multiple bullish reactions off of that green line, but now the weakness in the trend is becoming more noticeable. The red M pattern is the Head & Shoulders, I've placed a giant red human icon to represent the head of...
On the RSI there's noticeably a triple bottom coinciding with three touch points on the upward sloping support of the Ascending Triangle. If you move the chart left there's the first touch point of four on the upward sloping support of the ascending triangle dating back in 2003. On a 5 year chart attached to this all time log scale chart there's been a golden...
Candle is closing above the white Ichimoku moving average. Also breaking above the 50 MA. This could be a new strong long term trending building . Risking close to 60 pips for a monster gain long term.
Keeping it nice and simple with this one, possibly breakout on Tezos after triple bottom reversal. Feeling bullish
The market after hitting the weekly resistance structure in red has started an upper move. Now the price is moving again around the 1.26 resistance area and if the market will manage to break above the structure we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if...
We can see a triple bottom on this real estate company and developer. Potential buy opportunity once the descending trend started 04/06 is violated. The company was growing and showing solid fundamentals in pre-covid period, earnings release next week. Always keep in mind it is a game of probabilities.
I have placed 3 green arrows representing the triple bottom, which is also the head of an inverted H&S. The RSI looks healthy, I see no reason why Costco won't perform bullishly going forward. A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three...
After a triple bottom, the market inverted the trend pushing up on the resistence at about 1.46300, bouncing back on the support at 1.33480. We expect the market reaching the resistence at 1.37033 (that is the same height of the triple bottom). Let's track the trend and we hope to reach our target! Follow us and leave a comment if you have your opinion! Enjoy Traders!
The pair was in a free fall on daily and finally met a horizontal support that wasn't broken. A triple bottom was accompanied by a diagonal resistance breakout, and a minor horizontal structure breakout followed. A bounce further up is therefore reasonable to expect. SL is below the local low. The ultimate target is the horizontal resistance on daily....
The analysis on the 4H timeframe for NZD/USD has been reliable and the Triple Top pattern has recently been formed. Nothing unexpected on the market has occurred and the price is back to the pennant. The next patter to be formed is the Triple Bottom.
TRIPLE BOTTOM IN PLAY - Buy opportunity with pair being oversold. 12-15 hour trade. be patient. Could dance for a few hours within current price range, then looking for a reverse in price toward bullish movement
Here we see a triple bottom forming on the NZDUSD. Take advantage of price action breaking the nearest support line. Short entry below support level.
Hello Traders, here is the full analysis for this pair, patern triple bottom let me know in the comment section below if you have any questions,
looking at the clear triple bottom printed on the pair....am inclined to go long on this pair.......lets see how NFP plays out today...
Hello ! Key points: Triple bottom Rejection at support Spike in volume That price rejection actually tells us that people were afraid and panic sold at open, driving the price down until it encountered some buying pressure and price went back up. When gauging this candlestick pattern, it is important that : It is at a support level Occurs after a...